India's Reliance Naval and Engineering hits record low on going concern doubts

Swan Defence and Heavy Industries

24/04/2018 05:43

** Reliance Naval and Engineering Ltd's shares  RELV.NS 
fall as much as 9 pct to 24.5 rupees, a record low
    ** Stock posts biggest pct loss since Feb 6 
    ** Auditors raise concern about co's ability to continue as
a going concern 
    ** March qtr loss widens to 4.09 bln rupees ($61.63 mln), co
said on Monday  urn:newsml:reuters.com:*:nFWN1S00AZ
    ** Revenue from ops down over 85 pct to 330.9 mln rupees
    ** Up to Monday's close, stock had fallen over 58 pct this
year


($1 = 66.3625 Indian rupees)

 ((Reuters Messaging:
tanvi.mehta.thomsonreuters.com@reuters.net))