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Strides Shasun shares nosedive 25% on disappointing Q4 results

Press Trust of India  |  New Delhi 

Shares of drug firm today tumbled nearly 25 per cent after the company reported a consolidated net loss of Rs 4.40 crore from its continuing operations for the quarter ended March.

The stock slumped 23.03 per cent to end at Rs 387.10 on BSE. During the day, it crashed 24.70 per cent to Rs 378.70 -- its 52-week low.

On NSE, shares of the company dived 24.59 per cent to close at Rs 379.35.

The company's market valuation fell by Rs 1,034.56 crore to Rs 3,466.44 crore.

In terms of equity volume, 10.55 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

The company had posted a net profit of Rs 91.59 crore for the same period a year ago, said in a BSE filing today.

Consolidated revenue from continuing operations of the company stood at Rs 664.15 crore. It was Rs 677.13 crore in the same period a year ago.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 17:35 IST