India's Hisar Metal Industries down 4.8% after Q3 profit fall

Hisar Metal Industries

10/02/2023 08:24

** Shares of Hisar Metal Industries Ltd  HISR.NS  fall as much as 4.84% to
170 rupees, marking sharpest intraday pct loss since Feb. 3
    ** The stainless-steel strips and tubes maker reports 17.2% fall in its
Dec-qtr profit; revenue from operations down 12.6%
    ** More than 74,000 shares change hands by 1:10 p.m IST, 0.5x the 30-day avg
    ** If losses hold, stock set for a second session of fall this week after
rising ~13.5% on Feb. 8
    ** Stock trading above the 50-day, 100-day and 200-day simple moving
averages; up ~8.7% in 2022
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))