Home / Markets / News / Sansera Engineering slips 9%, hits new low as profit more-than-halves in Q3

Sansera Engineering slips 9%, hits new low as profit more-than-halves in Q3

The stock dipped 9% to Rs 681.20 and was below its issue price of Rs 744 on the BSE.

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.

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2 min read Last Updated : Feb 08 2022 | 12:45 PM IST

Shares of Sansera Engineering hit a new low of Rs 681.20 after they slipped 9 per cent on the BSE in Tuesday's intra-day trade after the company's consolidated net profit more-than-halved to Rs 23.9 crore in December quarter (Q3FY22). This was due to its weak operational performance. The auto component company had posted profit of Rs 50.6 crore in the year-ago quarter.

At 12:22 pm, the stock was at Rs 698.45, 6 per cent below its issue price of Rs 744 per share. It has corrected 23 per cent from its record high level of Rs 889.80 touched on

Topics : Buzzing stocks Sansera Engineering Markets

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