India's McLeod Russel shares fall; posts bigger Q4 loss

McLeod Russel India

31/05/2018 05:41

** Shares of tea producer McLeod Russel India Ltd  MCLE.NS 
fall as much as 4.2 pct to 147.90 rupees, their lowest in a week
    ** Company said on Wednesday qtrly loss widened to 1.42 bln
rupees ($21.1 mln) from a loss of 1.08 bln rupees a year ago
 urn:newsml:reuters.com:*:nFWN1T10IN 
    ** Company to also dispose of some of its tea estates
    ** Stock posts its biggest intraday pct fall since March 22
    ** Stock had fallen 24.7 pct this year as of Wednesday's
close
    ** Over 300,000 shares change hands vs 30-day avg of 219,885
shares
($1 = 67.4375 Indian rupees)

 ((Reuters Messaging:
krishna.vkurup.thomsonreuters.com@reuters.net))