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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.
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News and Media
Iran has again cut internet and phone services as protests surge across the nation. Demonstrators are responding to calls for action, with markets closing in solidarity. This unrest echoes decades of similar movements driven by economic hardship and demands for freedom. Authorities have a history of responding with force and communication blackouts to quell dissent.
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News and Media
Bansal Wire Industries shares fell to a new 52-week low. This happened as a six-month lock-in period for a significant portion of its shares ended. Over 31 million shares, nearly 20% of the company, are now eligible for trading. The company recently reported record sales volumes for the December quarter.
Category:
News and Media
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