off-the-wire

BUZZ-India's Hindware Home Innovation slides as qtrly profit sinks

Kitco Media
By Reuters
Published:
Updated:
Reuters

** Consumer appliance seller Hindware Home Innovation down as much as 7.8% - steepest intraday fall since Dec 23
** Co hits lowest level since Dec 26
** Homeware maker posted 78.3% tumble in qtrly consol net profit to 77.8 million rupees ($942,059.70)
** Q3 consol rev from ops rose to 7.13 bln rupees from 6.49 bln rupees a yr ago
** Co shares trade below their 50-day moving average, indicating bearish trend
** Co to sink for third consecutive session if losses hold


** Around 143,286 shares changed hands as of 09:48 a.m. IST, vs their 30-day moving avg of 145,976 shares
** Stock down 5.9% this year as of last close, after jumping ~5% in 2022 ($1 = 82.5850 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru)

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