India's PDS sinks on weak Q1 results

PDS

27/07/2023 07:12

** Shares of PDS  PDSL.NS  sink as much as 7.06% at 324.40
rupees - lowest since June 1 
    ** Co posts steepest intraday fall since May 12
    ** PDSL's Q1 consol profit nearly halved, while revenue slid
about 10%
    ** Stock on track for third consecutive sessions of losses
    ** Co shares drop to trade below 50-day, 100-day and 200-day
simple moving averages 
    ** More than 154,013 shares changed hands by 11:35 a.m. IST,
twice the 30-day avg of 78,064 shares 
    ** Including session's losses, PDSL slipped more than 5% so
far this year 

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