India's Campus Activewear hits record low after Q2 profit slump

Campus Activewear

10/11/2023 06:07

** Shares of Campus Activewear  CAMU.NS  fall as much as
9.9% to 237.8 rupees - its lowest level since listing in May
2022
    ** Stock logs biggest intraday pct loss since Nov. 11, 2022;
on track for a second consecutive session of losses, if trend
holds
    ** Co reported 22.4% decline in Sept-qtr revenue from
operations
    ** Profit after tax fell to 3.2 mln rupees ($38,423.44) from
145.4 mln rupees a year ago 
    ** More than 6.4 mln shares change hands by 11:25 a.m. IST,
7x the 30-day avg
    ** Stock currently down 4.5%, dragging YTD losses to 39%
    
    ($1 = 83.2825 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))