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Oswal Pumps shares fall 7% as Q2 net profit plunges 59%
Negative-99Company event
GreyOak summary
Oswal Pumps shares dropped 7% after reporting a 59% year-on-year decline in Q2 net profit to Rs 39.6 crore. Revenue also fell 6.2% to Rs 506.3 crore. Despite the results, the company plans to establish a 1.2 GW solar cell manufacturing facility in Karnal.
What it affects
- Oswal PumpsOSWALPUMPSNegative -99
Shares fell 7% as profit plunged 59%.Rolling sentiment Negative -57
Source
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