India's Wendt down after Q2 results; sees sharpest intraday low in over a year

Wendt (India)

19/10/2023 10:59

** Shares of Wendt (India)  WNDT.NS  fall as much as 7.7% to
13,900 rupees
    ** Stock sees biggest intraday pct loss since Aug 2022
    ** Special purpose machine maker posts ~11% y/y fall in
Sept-qtr consol profit 
    ** Rev from ops fell nearly 3%
    ** Total expense rose nearly 2%, dragged by input costs that
rose 4.9% and employee costs rising 8.4%
    ** Nearly 3600 shares change hands by 3:28 p.m. IST, 5.5x
the 30-day avg volume
    ** Stock last down 6.5%, trimming YTD gains to 90%

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))