India's Lagnam Spintex falls 13% on profit slump

Lagnam Spintex

14/11/2022 08:15

** Lagnam Spintex' shares  LAGN.NS  fall as much as 13% to
54 rupees, their lowest since Dec. 27, 2021
    ** The cotton yarn manufacturer reported a 73.5% decrease in
Sept-qtr profit on Friday, with rev down 22.6%
    ** More than 88,062 shares change hands by 0808 GMT vs
30-day avg of 14,891 shares
    ** Stock last down 7.4%, chopping YTD gains to 3.2% from
11.5% as of Friday's close
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))