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Shares of Man Industries India Ltd fall as much as 8.7 per cent to ₹61.2 marking their biggest intraday per cent loss since October 2018.
At 10.30 am, the stocks of Man Industries were trading 9.57 per cent lower at ₹60.45.
The carbon steel pipes manufacturer posted a 94 per cent plunge in March-quarter consolidated profit to ₹15.9 million ($227,875) on Tuesday. The company’s total revenue dives 46 per cent.
As of last close, shares down ~5 per cent. this year.
($1 = INR 69.7750)
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