Atlanta Electricals shares slide 5% despite strong Q1 results; stock hits lower band
Atlanta Electricals Limited shares fell nearly 5% to ₹1,651.50 on Tuesday, hitting the lower price band despite reporting strong first-quarter earnings for FY27. The company posted a 48% year-on-year revenue increase to ₹466.33 crore and a 50.4% rise in profit after tax to ₹46.84 crore. The significant sell-off, with 99.34% of queued orders on the sell side, overshadowed the positive earnings report, leading to a traded volume of 5.99 lakh shares worth ₹101.61 crore.