Technocraft Industries (India) falls on Q4 profit slump

Technocraft Industries (India)

30/05/2023 05:38

** Shares of Technocraft Industries (India) Ltd  TEIN.NS 
fall as much as 14.87% to 1,533.70 rupees, mark their sharpest
intraday pct loss since Oct 20, 2021
    ** The drum closures and scaffoldings manufacturing co on
Monday reported a 30.1% YoY fall in Q4 consolidated net profit
and a 13.2% YoY fall in rev from ops
    ** Co also approved setting up of two new units in
scaffolding division
    ** More than 73,000 shares change hands, 2.4x 30-day avg of
30,049 shares
    ** Including session's loss, stock up 77% YTD


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))