#Tumbles
Latest news and updates about Tumbles.
Featured Coverage
Explainers & Analysis
No explainers tagged yet. We are curating them now.
Latest news and updates about Tumbles.
Featured Coverage
Explainers & Analysis
No explainers tagged yet. We are curating them now.
Elecon Engineering Company's shares plunged 13.2% after reporting a 33% drop in Q3 FY26 net profit to Rs 72 crore, despite a marginal 4.3% revenue increase. The company cited order inflow delays and increased employee costs impacting EBITDA margins. However, management expressed confidence in future recovery due to healthy open orders and steady demand from key domestic and overseas industries.
Nifty Metal stocks fell sharply after a strong rally as profit booking, commodity index rebalancing and uncertainty over US Fed rate cuts triggered volatility. Analysts say valuations had priced in a bull case, but underlying demand-supply remains supportive. Short-term earnings may be muted, yet experts see corrections as buying opportunities for long-term investors.
