Sangam (India) down after Q1 profit plummets

Sangam (India)

11/08/2023 07:48

** Shares of textile firm Sangam (India)  SANG.NS  down as
much as 9.10% to 327 rupees, sharpest intraday pct fall since
May 4, 2022
    ** Co posts a near-76% drop in Q1 consol PAT, while revenue
down 5% 
    ** Stock on track for second straight session of losses, if
trend holds 
    ** More than 239,653 shares changed hands by 12:12 p.m. IST,
1.6x the 30-day avg 
    ** Including session's slips, stock up about 37% so far this
year 

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