Popular Vehicles & Services has fallen 6.10% since its listing three weeks ago on March 19. The company has reported its results for the quarter ending December 2023.
The company’s Q3 consolidated net profit stands at Rs 15.9 crore compared to Rs 32.3 crore in the September quarter. Total income/revenue for Q3 came in at Rs 673.4 crore.
Popular Vehicles stock fell 3% to an intra-day low of Rs 255.25 but came off lows after it declared quarterly numbers. The company’s shares have fallen 2% in the last five days.
To compare, the benchmark index Nifty 50 has given a return of 1% in the past five days and has risen 3.8% from March 19 to April 08.