RattanIndia Enterprises hits 1-1/2-month low as Q3 loss widens

Rattanindia Enterprises

13/02/2023 04:49

** Shares of energy co RattanIndia Enterprises Ltd  RTNI.NS 
down as much as 6.3% at 40.25 rupees, their lowest since Dec. 26
    ** Stock posted steepest intraday pct decline since Dec. 22
    ** Co on Friday, after market hours, said its consolidated
net loss for Dec qtr widened to 342.3 mln rupees ($4.14
million), from 55.2 mln rupees a year ago
    ** Consolidated revenue from operations was at 11.53 bln
rupees, from 6.7 mln rupees a yr ago
    ** Total expenses surged to 11.81 bln rupees, from 21.6 mln
rupees a yr earlier
    ** Over 564,000 shares change hands by 10:12 a.m. IST, 0.3x
the 30-day moving avg
    ** As of last close, stock up 1.5% so far this year; it
declined ~11% in 2022
($1 = 82.7370 Indian rupees)
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))