India's Birla Corporation falls as co reports quarterly loss

Birla

09/11/2022 07:03

** Shares of cement maker Birla Corporation  BRLC.NS  fall
as much as 5.67% to 949 rupees, its biggest intraday pct loss
since June 3
    ** Stock hits lowest since Nov. 1
    ** Co reports Sept. qrtr consolidated net loss of 564.6 mln
Indian rupees ($6.93 mln) against profit of 855.5 mln rupees a
year ago
    ** Jump in fuel and input costs offset the 17.8% rise in
revenue from operations
    ** More than 198,210 shares change hands by 0653 GMT, 1.9X
30-day avg of 105,581 shares
    ** Fourteen of the 15 analysts covering the stock have a
"buy" or "strong buy" rating, while 1 has "hold"; median PT is
1,265.5 rupees - Refinitiv data
    ** Stock down 29.24% YTD up to last close
($1 = 81.4500 Indian rupees)
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))