Vijay Kedia-backed Eimco Elecon falls 15% in two sessions as Q2 profit and year-on-year revenue halve

Vijay Kedia-backed Eimco Elecon shares have fallen 15% in just two sessions after the Gujarat-based company reported poor second-quarter numbers, witnessing a sharp decline in net profit and revenue on a year-on-year and sequential basis. The smallcap company, which was added to Kedia’s portfolio in September, reported a 59% decline in profit after tax (PAT) […]