India's Sai Silks (Kalamandir) hits record low on Q1 profit slump

Sai Silks (Kalamandir)

16/08/2024 07:27

** Shares of India's Sai Silks (Kalamandir)  SAIS.NS  shed
as much as 8% to record low 143.9 rupees, last down ~4% 
    ** SAIS extends fall to second straight session, on track to
post third straight week of losses, if trends hold
    ** Co, which retails apparel including sarees under
'Kalamandir' brand, posted 87.6% plunge in Q1 profit, 12.3% rev
fall 
    ** Trading vols 1.3x 30-day avg 
    ** YTD stock has fallen over 45% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))