India's Infobeans Technologies down 6% on qtrly profit slump
12/05/2023 08:06
** Shares of Infobeans Technologies Ltd IFOB.NS fall as
much as 5.95% to 458.35 rupees after co reports 70% fall in
March-quarter consol net-profit
** Total expenses rose 18.8%, offsetting a marginal 0.6%
rise in rev from ops
** Stock on track for third straight session of losses
** Trading volume 2.4x the 30-day avg of ~29,500 shares by
12:30 PM IST
** Including session's move, stock down ~12.5% YTD
(Reporting by Nishit Navin in Bengaluru)
((Nishit.navin@thomsonreuters.com))
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