India's HT Media falls most in 3 months after posting Q4 loss

HT Media

19/05/2023 05:35

** Shares of HT Media Ltd  HTML.NS  fall as much as 6.6% to
17.60 rupees, their steepest intra-day pct fall since Feb. 15
    ** Stock on track to fall for third straight session, if
losses hold 
    ** Parent of Hindustan Times newspaper slipped into a loss
in the March-quarter from a profit a year earlier, while revenue
from ops rose ~5% and expenses jumped ~19% 
    ** Over 118,000 shares change hands by 09:53 a.m. IST, 0.7x
the 30-day moving avg 
    ** As of last close, stock down ~14% YTD, extending an ~21%
decline in 2022. 



($1 = 81.7800 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))