India's Welspun Corp falls most since June on Q2 profit drop

Welspun

11/11/2024 04:15

** Welspun  WGSR.NS  down 5.6% to 731 rupees, biggest
one-day drop in more than five months
    ** Pipes and bars maker posts 25% drop in Q2 profit on
sluggish domestic demand for its steel bars amid slump in
construction activity
    ** Still, WGSR trading above 50-, 100-, 200-day moving avg
    ** Stock trims YTD gains to 41%

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))