India's Vaibhav Global falls on Q4 profit decline

Vaibhav Global

18/05/2023 07:34

** Shares of Vaibhav Global Ltd  VAIB.NS  fall as much as
6.21% to 299.9 rupees, their lowest since April 6
    ** Co posts sharpest intraday pct loss since Dec. 23, and on
track for second consecutive session of losses if trends hold
    ** VAIB reported a 14% fall in Q4 profit on Wednesday, its
seventh straight quarter of declines
    ** About 453,000 shares change hands as of 11:44 a.m. IST,
2.6x the 30-day average
    ** Stock up 2.85% YTD as of last close

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))