April 30, 2019 / 6:56 AM / 5 months ago

BUZZ-India's Piramal Enterprises slips after weak quarterly results

** Shares of Piramal Enterprises Ltd fall as much as 4.32 pct to 2,300 rupees, lowest since Feb. 26

** The company on Friday posted a 88.4 percent decrease in its quarterly net profit

** Last year for the same period, the company recognised a tax gain of 35.69 billion rupees on account of merger of subsidiaries

** Stock on track for its third consecutive session of losses

** Around 485,900 shares change hands compared with the 30-day average of about 452,300 shares

** Up to Monday’s close, stock had fallen 6.95 pct in 12 months

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