India's HIL slips to five-month low on wider Q2 loss

Birlanu

02/11/2023 05:15

** Shares of HIL  HLLT.NS  shed as much as 8% to a
five-month low of 2,605 rupees apiece
    ** The home and building solutions provider reports wider Q2
net loss as revenue slips 5.4%
    ** Trading vol over 6x the 30-day avg, in stock's busiest
day in three months
    ** Stock trading fully below its 200-day simple moving avg
for first time since June 1
    ** It has been below its 50- and 100-DMA since late Sept
    ** HIL last down ~3%, cutting YTD gains to 5.5%

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))