India's PNB Gilts falls most in 11 years on wider quarterly loss

PNB Gilts

23/10/2023 07:37

** Shares of non-banking financial firm PNB Gilts  PNBG.NS 
fall as much as 14.1% to 84.5 rupees, their steepest intraday
pct decline since Aug. 14, 2012
    ** Co on Friday reported wider Sept-qtr loss of 411.2 mln
rupees ($4.9 mln) from 78.6 mln rupees loss a year ago
    ** Total expenses climbed 16.4%, led by a 27.5% jump in
finance costs; revenue rose 2.2% 
    ** Nearly 9.2 mln shares change hands as of 11:50 a.m. IST,
1.4X the 30-day moving average
    ** Stock last down 13.6%, trimming YTD gain to 32.9%

($1 = 83.1650 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))