Kriti Industries (India) hits 2-month low after Sept-qtr loss

Kriti Industries (India)

10/11/2022 07:06

** Shares of Kriti Industries (India)  KRTI.NS  fall as much
as 9.75% to 81.50 rupees, mark sharpest intraday pct loss since
Sept. 26
    ** Co reported a consolidated net loss of 344.4 mln Indian
rupees ($4.21 mln ) in the Sept. quarter on Wednesday, compared
to profit 55.1 mln rupees a year ago
    ** Revenue from operations fell 7.32% Y/Y to 1.04 bln rupees
    ** Stock hits lowest since Aug. 23
    ** More than 135,000 shares change hands by 0646 GMT, 3X
30-day avg of 45,674 shares
    ** Stock down 30.57% YTD, as of last close
($1 = 81.7350 Indian rupees)
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))