India's Anjani Portland Cement falls to 7-month low on Q3 loss

Anjani Portland Cement

09/02/2023 07:16

** Shares of Anjani Portland Cement  ANCM.NS  fall as much
as 2.4% to 177.6 rupees, lowest since July 7
    ** Co on Thursday reported consolidated net loss of 140.4
million rupees ($1.70 million) vs a profit of 78.6 mln rupees
the previous year
    ** ANCM saw ~23% drop in its consol rev from ops to 1.51 bln
rupees
    ** Co has been trading below its 50-day, 100-day and 200-day
simple moving average and also below its moving average
convergence divergence line (MACD), indicating bearish sentiment
    ** Co on track for fourth consecutive session of losses
    ** More than 22,000 shares change hands by 12:45 p.m. IST vs
1.4x 30-day avg of 15,000 shares
    ** Stock had fallen 28% in 2022, and had fallen 12% YTD
($1 = 82.6250 Indian rupees)
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))