India's Shree Digvijay Cement down after Sept-qtr profit falls

Shree Digvijay Cement

21/10/2022 08:36

** Shares of cement manufacturer Shree Digvijay Cement Company
Ltd  SRDC.NS  down as much as 3.13% to 63.35 rupees, their
biggest intraday pct loss since Sept. 26
    ** The stock touches its lowest level since Oct. 19, on
track for a second consecutive session of losses
    ** SRDC on Friday posted a 52.73% slump in second-quarter
profit to 63.3 million Indian rupees  ($764,400.43) from 133.9
million rupees a year ago
    ** Consolidated rev from ops rose 6.51% to 1.64 bln rupees
    ** More than 320,023 shares traded as of 0711 GMT vs 30-day
moving avg of 302,030 shares
    ** As of last close, SRDC stock down 10.60% YTD
($1 = 82.8100 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))