India's Prataap Snacks falls after GST Authority conducts search in unit

Prataap Snacks

27/09/2023 05:18

** Shares of Prataap Snacks  PRAT.NS  fall as much as 4.1%
to 839.95 rupees, lowest in 8 weeks
    ** Stock last down 3.2%
    ** Stock set to fall for a second straight session, if
losses hold
    ** Co on Tuesday said GST Authority conducted a search and
seizure in co's manufacturing unit in Bengaluru on Sept 25
    ** Co said operations of the manufacturing unit was not
impacted and continued as usual
    ** Around 30,000 shares change hands by 9:45 A.M. IST, 0.9x
30-day avg
    ** Stock extends YTD losses to ~6.7%, had gained 7.7% in
2022


 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))