India's Loyal Textile Mills hits record low as Q2 loss widens

Loyal Textile Mills

13/11/2024 06:13

** Shares of Loyal Textile Mills  LOYT.NS  fall as much as
20% to a record low of 425.40 rupees
    ** LOYT on Tuesday reported widened Q2 loss after tax of
507.3 mln rupees ($6 mln) from loss of 141.3 mln rupees yr ago;
rev from ops fell 25.2% Y/Y
    ** Stock on track for third consecutive session of loss, if
trend holds
    ** Stock is witnessing its most active trading session since
Aug. 1; more than 53,000 shares change hands, 14.9x of 30-day
avg
    ** Stock down 36.9% YTD

($1 = 84.3940 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))