India's Mahindra Logistics sinks on quarterly swing to loss

Mahindra Logistics

25/07/2023 07:11

** Shares of India's Mahindra Logistics  MALO.NS  down as
much as 5.65% at 375.55 rupees - biggest intraday loss since
Sept 26, 2022
    ** Freight carrier posts lowest level since July 13 after
swinging to loss in first quarter
    ** About 314,956 shares traded by 11:27 a.m. IST, 0.8x the
30-day avg 
    ** Six out of 11 analysts rate stock "buy" or higher, three
suggest "hold", while two recommend "sell" or lower; median PT
412 rupees - Refinitiv data 
    ** Including session's losses, stock down 25% so far

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