India's KPR Mill down after quarterly profit fall

KPR Mill

07/11/2022 08:29

** Shares of KPR Mill Ltd  KPRM.NS  fall as much as 4.2% to
544.00 Indian rupees, biggest pct loss since Sept. 28
    ** Co on Monday reports a 16.1% fall in the quarterly profit
to 2.03 bln rupees($24.67 mln) from a year ago
    ** Textile manufacturer's consolidated total income stands
at 12.41 bln rupees ($150.82 mln) vs 12.25 bln rupees a year ago
    ** Input cost up 44.5% Y/Y at 7.82 bln rupees 
    ** Stock set to snap three consecutive sessions of gains
    ** More than 273,000 shares traded, 0.8x times their 30-day
moving avg of 346,760
    ** Six of the 7 analysts covering the stock have a "buy" or
higher rating, while one rates it at "sell" or lower; median PT
is 766.00 rupees - Refinitiv 
    ** Up to last close, KPRM down 15.2% YTD, against the Nifty
500  .NIFTY500  index's 3.6% rise
($1 = 82.2850 Indian rupees)
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))