India's Rupa & Company falls more than 8% on Q1 profit slump

Rupa &

14/08/2023 08:26

** Shares of Rupa & Company  RUCL.NS  fall as much as 8.59%
to 258 rupees; mark sharpest intraday pct loss since June 16,
2022
    ** Co, which manufactures hosiery and knitwear, on Friday
reported 66% fall in Q1 profit while rev from ops fell 9% Y/Y 
    ** Stock on track for a third consecutive session of loss,
if trends hold    
    ** More than 508,000 shares change hands by 12:42 p.m. IST,
1.5x 30-day avg
    ** Stock down 6.1% so far this year


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