India's Gopal Snacks extends losses after suspension of ops due to fire

Gopal Snacks

16/12/2024 06:07

** Shares of Gopal Snacks  GOPA.NS  falls 9.4% to 377 rupees,
their lowest level since late-Sept
    ** Co on Thursday said operations at its Rajkot
manufacturing plant in Gujarat are temporarily suspended due to
fire, with no manufacturing or processes currently underway
    ** Stock set to decline for third straight session since the
fire incident, losing about 10% during this period
    ** More than 1.3 mln shares traded as of 11.35 a.m. IST,
3.2x of their 30 day moving avg
    ** GOPA shares down ~14% since listing in March

(Reporting by Yagnoseni Das in Bengaluru)
((Yagnoseni.Das@thomsonreuters.com;))