August 7, 2018 / 5:20 AM / 2 months ago

BUZZ-India's Adani Ports and Special Economic Zone falls on weak quarterly results

** Adani Ports and Special Economic Zone Ltd falls as much 5.2 pct in its biggest intraday pct drop since March 7

** Port infrastructure provider’s stock among top drags on NSE index

** June-qtr profit falls 9 pct to 6.91 bln rupees ($100.39 mln), hurt by foreign exchange losses

** Revenue falls 12 pct to 24.11 bln rupees; co said there was no SEZ port-led development income in the qtr, compared with 6.61 bln rupees booked in Q1FY18

** More than 3.2 mln shares change hands, 1.3 times the 30-day moving avg

$1 = 68.8300 Indian rupees

0 : 0
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