Share Price Tumbles After Quarterly Losses at Alecon Engineering

Market participants reacted negatively to the quarterly numbers. In Friday’s trading session, Alecon’s shares fell sharply, touching an intraday low of Rs 482.30 before ending the day down 0.46 % at around Rs 510. The stock has ranged between a 52‑week high of Rs 682.90 and a low of Rs 352, gaining roughly 6 % so far this year but down more than 20 % over the past twelve months.