Astral shares fall over 12% after Q2 profit drops 5.6%
In short
Astral shares slid more than 12% on Friday after the company said its Q2 consolidated net profit fell 5.6%.
The stock also hit a 52-week low of ₹1,215.50 on the NSE. The drop shows investors reacted sharply to the earnings numbers.
What the reporting says
Astral shares fell over 12% on Friday after the company reported a 5.6% drop in consolidated net profit for the second quarter. Business Standard said the stock also touched its 52-week low of ₹1,215.50 on the NSE during the trading session. The market reaction reflected investor response to the earnings update.
Why it matters
Astral’s share price dropped sharply in Friday trading after it reported a 5.6% fall in consolidated net profit for Q2. The stock also hit a 52-week low of ₹1,215.50 on the NSE.