India's HLE Glascoat set for tenth straight weekly drop

HLE Glascoat

15/03/2024 09:58

** Shares of HLE Glascoat  HLEG.NS  down 2.4% to 439.55
rupees 
    ** If losses hold, HLEG on track for its worst weekly drop
since Dec-end 2022
    ** This would also be the stock's tenth straight weekly
decline; stock tumbled nearly 14% in last nine weeks
    ** HLEG is a process equipment maker for chemical and
pharmaceutical industries
    ** Reuters could not immediately ascertain a reason for the
stock move 
    ** More than 86,000 shares trade, 1.7x 30-day avg
    ** HLEG down 18.7% YTD, after declining last two years 

    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))