Elecon Engineering Company shares drop 13% as Q3 net profit falls 33% to Rs 72 crore
Elecon Engineering Company shares came under sharp selling pressure after the company reported weaker-than-expected third-quarter earnings. The stock slipped nearly 13 percent in a single session as investors reacted to a steep fall in profitability, margin pressure, and a cautious revenue outlook shared by the management. The market response was swift and emotional. For a…