India's Asian Granito falls after swinging to loss in Q4

Asian Granito India

25/05/2023 08:25

** Shares of ceramic wall and floor tile manufacturer Asian
Granito India Ltd  ASGI.NS  down as much as 8.44% to 45.55
rupees, lowest since April 18
    ** Stock hits sharpest intraday pct loss since Feb. 3 
    ** On track for second consecutive session of losses if
trends hold
    ** ASGI reports consolidated net loss of 446.9 mln rupees
($5.4 mln), compared with profit of 120.9 million rupees a year
earlier
    ** Consolidated revenue from ops falls 4.7% to 4.56 bln
rupees 
    ** About 1.54 mln shares change hands as of 12:36 p.m. IST,
0.9x the 30-day avg 
    ** Stock down 1.87% YTD as of last close


($1 = 82.7200 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))