India's Kitex Garments slumps to near 4-yr low on fall in Q4 profit

Kitex Garments

21/05/2018 07:39

** Garment manufacturer's shares  KITE.NS  down as much as
18.9 pct at 183.15 rupees, lowest since Aug. 8, 2014
    ** Kochi-based co reported 62 pct fall in Q4 profit; revenue
from ops down about 26 pct  urn:newsml:reuters.com:*:nBSEbdbX0y
    ** Stock top pct loser on NSE; posts biggest intra-day pct
loss in almost 33 months  
    ** Almost 460,000 shares traded, vs their 30-day moving avg
of 41,790 shares
    ** Up to Friday's close, stock had fallen 26.21 pct this
year compared with a 15.1 pct decline in peer Monte Carlo
Fashions Ltd  MOCF.NS , and 18.23 pct fall in Indian Terrain
Fashions Ltd  ITFL.NS  

 ((Reuters Messaging:
abyjose.koilparambil.thomsonreuters.com@reuters.net))