India's Alok Industries stumbles as quarterly loss widens

Alok Industries

17/10/2022 08:52

** Shares of Alok Industries  ALOK.NS  fall as much as 4.7%
to 16.10 rupees, lowest since May 27, 2020
    ** The textile company on Saturday reported a consolidated
net loss of 1.92 bln rupees ($23.31 million) vs loss of 841.1
mln rupees yr-ago
    ** Revenue falls to 16.99 bln rupees from 19.05 bln rupees
    ** ALOK, which is locked in the lower circuit, falls for
sixth straight session
    ** More than 1.31 mln shares change hands by 0740 GMT vs
30-day avg of 2.54 mln shares
    ** Stock down 34.37% YTD up to last close
 
 ($1 = 82.3680 Indian rupees)
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))