Precision Wires slumps after muted Q2 performance; board OKs 1-for-2 bonus issue

Precision Wires tumbled 5.04% to Rs 98.90 after company's net profit declined 2.07% to Rs 14.66 crore, despite 2.08% rise in revenue from operations to Rs 721.31 crore in Q2 FY23 over Q2 FY22.