India's Precot falls after production halts at Hindupur Unit

Precot

24/02/2025 07:34

** Shares of Precot Ltd  PREC.NS  fall as much as 5% to
435.95 rupees 
    ** Textile cotton manufacturer says production at unit at
Hindupur, Andhra Pradesh was stopped effective Feb. 23 due to
strained labour relations
    ** Adds, co in process of ascertaining loss caused due to
stoppage of production 
    ** Stock on track to fall for third straight month; it is
down 11.4% so far in Feb.
    ** YTD, co has lost around 18.5% 

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))