India's Kesoram posts worst day in 4 mths as loss widens

Kesoram Industries

17/01/2023 04:19

** Shares of Kesoram Industries Ltd  KSRM.NS  fall as much
as 8.7% to 58.55 rupees
    ** Stock marks its biggest intraday pct loss since Sept. 26
    ** The cement manufacturer says Q3 net loss widened to 479.8
mln rupees ($5.86 mln) from 319.7 mln rupees yr-ago
    ** Rev from operations rose 12.6% Y/Y to 9.86 bln rupees
    ** More than 1.5 mln shares change hands as of 09:39 a.m.
IST, topping the 30-day avg of 1.3 mln shares
    ** Stock dipped 2% in 2022
 
 ($1 = 81.8750 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))