India's Seamec drops most in nearly 2 months on Q4 loss

Seamec

24/05/2023 10:02

** Shares of Seamec Ltd  SEAM.NS  fall as much as 4.8% to
677.05 rupees, biggest intraday pct loss since March 29
    ** Oil vessels supplier reports March-qtr consolidated loss
of 48.2 mln rupees ($589,386.16) vs profit of 47.6 mln rupees a
yr ago, hurt by a spike in operating expenses
    ** Co's revenue from operations rose ~48% to 1.26 bln rupees
    ** Stock trading below its 100-, and 200-day moving averages
    ** Trading volume at ~17,000 shares, below the 30-day avg of
~30,000 shares as of 2:15 p.m. IST 
    ** Stock down 21.2% so far this year



($1 = 81.7800 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))