India's Allcargo set for worst day in 34-mths after Q3 profit fall

Allcargo Logistics

14/02/2023 06:19

** Shares Allcargo Logistics Ltd  ACLL.NS  fall as much as 19.40% to 327.10
rupees, marking sharpest intraday pct loss since March 23, 2020
    ** Stock hits lowest level since Aug. 29, 2022, on track for a second
consecutive session of loss
    ** The Indian logistics solutions co on Tuesday reported a 53.3% fall in its
Q3 profit; income from operations went down to 40.99 billion rupees, down from
55.99 billion rupees a year earlier
    ** More than 3 mln shares change hands by 11:24 a.m. IST, 8.5x the 30-day
avg, most active session in 3 months
    ** Stock falls below 200-day simple moving average; was up 3.45% in 2022
($1 = 82.7000 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))