India's Visaka Industries falls most in over 3-mths on Q4 profit fall

Visaka Industries

22/05/2023 09:36

** Shares of Visaka Industries Ltd  VSKI.NS  fall as much as
7% to 76.6 rupees, biggest intraday pct loss since Feb. 6
    ** Cement sheets maker said on Friday March-qtr consolidated
net profit after tax fell 85.5% while revenue from operations
rose 7.7%
    ** Stock on track for fifth straight session of losses
    ** Stock at its lowest level in over a month 
    ** Trading volume at ~219,700 shares, slightly below the
30-day avg of ~272,100 shares as of 1:45 p.m. IST 
    ** Stock last down nearly 10% this year, extending losses of
4.7% as of last close 

($1 = 81.7800 Indian rupees)

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