Shares of market intelligence company Tracxn plunged 5% to INR 66.00 during intraday trading session on the BSE today (February 11) after its net profit declined 36% to INR 1.42 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 2.22 Cr in the same quarter of previous fiscal.
Tracxn’s revenue from operations increased 1.2% to INR 21.39 Cr in Q3 FY25 from INR 21.14 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, the company’s top line was almost flat.
The stock in the last one year gave a negative return of around 32% and in the last five days negative return of nearly 4% at the current market price. It has ended in the red in six out of the last seven trading sessions.
(The story will be updated soon)