Indo Count extends fall post Q3 results; slips 35% from 52-week high

The stock was trading at its lowest level since July 2021. In the past one month, it has underperformed the market by falling 22 per cent, as compared to a 2.4 per cent decline in Sensex

Shares of Indo Count Industries hit an eight-month low, down 4 per cent at Rs 204 on the BSE in Wednesday’s intra-day trade, falling 14 per cent in the past three trading days after the company's PAT declined 23 per cent year-on-year at Rs 71.2 crore on the back of exceptional expenses worth Rs 21 crore.

The stock of the textiles company was trading at its lowest level since July 2021. In the past one month, it has underperformed the market by falling 22 per cent, as compared to a 2.4 per cent decline in the S&P BSE Sensex.