May 15, 2019 / 5:02 AM / 2 months ago

BUZZ-Kennametal India falls most in nearly 6 yrs on March-Qtr results

** Shares of machine tool manufacturer Kennametal India Ltd slump as much as 12.4% to 1,111.95 rupees, mark their biggest intraday pct fall since July 2013

** Co’s March-quarter consolidated profit fell 16% to 137 mln rupees ($1.95 mln), hurt by higher costs

** Total expenses for the qtr rose 24%

** About 17,266 shares change hands by 0453 GMT, compared with 30-day average of about 5,097 shares

** Meanwhile, the shares are up 7.2% this year, while peer Thermax Limited is lower by 15.10%, while SKF India Ltd has fallen 5.4% as of last close ($1 = 70.2450 Indian rupees)

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