India's Lakshmi Machine Works drops after downbeat Q4 results

LMW

28/05/2024 09:07

** Shares of India's Lakshmi Machine Works  LKMC.NS  fall as
much as 4.4% to 15,721 rupees, currently down 3.9%
    ** Textile machinery maker's Q4 consol net profit down ~30%,
revenue drops ~26% 
    ** LKMC set to log fifth straight session of losses if
trends hold 
    ** Trading vols 2.2x 30-day avg 
    ** YTD stock up 15% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))