India's Rain Industries falls most in nearly 6 mths on Q2 loss

Rain Industries

08/11/2023 06:07

** Shares of Rain Industries  RAID.NS  fall as much as 6.3%
to 145 rupees, touching their lowest level since May 22
    ** Stock on track for a third consecutive session of losses,
if trend holds
    ** Carbon and other advanced materials maker reported a Y/Y
consolidated net loss of 901.7 mln rupees ($10.83 mln) for the
Sept-qtr vs profit of 4.03 bln rupees 
    ** Revenue from operations fell 25.4% to 41.60 bln rupees 
        ** More than 2.6 mln shares change hands by 11:35 a.m.
IST, 2.3x its 30-day avg - LSEG data
  

($1 = 83.2575 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))