India's Laxmi Organic Industries falls most in over three months

Laxmi Organic Industries

26/09/2022 07:43

** Shares of Indian specialty chemicals manufacturer Laxmi
Organic Industries  LAXR.NS  fall as much as 5.62% to 331
rupees, in its biggest intraday pct loss since June 20    
     ** LAXR on Friday said that it restarted ops at its plants
in the Mahad Industrial area in a staggered manner, after a
21-day shutdown for planned maintenance activities  urn:newsml:reuters.com:*:nFWN30T32Z
    ** More than 714,000 shares change hands by 0618 GMT, just
above one-third of the 30-day avg of 2 mln shares 
    ** Median PT of the stock is 370 rupees - Refinitiv data
    ** India's Nifty Smallcap index .NIFSMCP100 falls as much as
4.36% on Monday, in its biggest pct loss since May 11
    ** Stock down 18.85% so far this year as of last close, vs a
15.05% drop in the Nifty Smallcap 100 index .NIFSMCP100
 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))