Indian Metals and Ferro Alloys posts steepest pct drop in 6 yrs as Q4 profit plunges

Indian Metals And Ferro Alloys

21/05/2018 10:06

** Shares of ferro-alloys producer Indian Metals And Ferro
Alloys Ltd  IMFA.NS  fall as much as 16.2 percent to 361 rupees,
lowest since Nov. 24, 2016
    ** Company posts a 97.2 pct plunge in net profit for qtr
ended March 31  urn:newsml:reuters.com:*:nFWN1SS021
    ** Stock posts biggest intraday pct fall since February 2012
    ** Stock down 37.4 pct this year, as of Friday's close
    ** Over 293,000 shares traded, compared to their 30-day avg
of 93,437 shares

 ((Reuters Messaging:
krishna.vkurup.thomsonreuters.com@reuters.net))