Equity Alert: Kirloskar Brothers slumps on Apr-Jun net loss
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K.Karthik Raja
Jul 18, 2008, 4:28:17 AM7/18/08
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Equity Alert: Kirloskar Brothers slumps on Apr-Jun net loss
MUMBAI--12:50PM--Kirloskar Brothers' shares fell 8.5% to 170
rupees as the company reported a net loss of 44.80 mln rupees in Apr-
Jun.
Immediately after the result, shares of the company dropped to an
intraday low of 166.50 rupees.
Net sales for the quarter rose 17% from a year ago to 3.70 bln
rupees.
"The result is bad, but levels would be difficult to ascertain as
the
counter is illiquid. It should find support around 160-165 rupees,"
So far on NSE, 20,532 shares of the company have been traded. It
is not traded in the derivatives segment.
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MUMBAI--12:50PM--Kirloskar Brothers' shares fell 8.5% to 170
rupees as the company reported a net loss of 44.80 mln rupees in Apr-
Jun.
Immediately after the result, shares of the company dropped to an
intraday low of 166.50 rupees.
Net sales for the quarter rose 17% from a year ago to 3.70 bln
rupees.
"The result is bad, but levels would be difficult to ascertain as
the
counter is illiquid. It should find support around 160-165 rupees,"
So far on NSE, 20,532 shares of the company have been traded. It
is not traded in the derivatives segment.
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