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Khadim India tanks 15% on weak Q3 results; falls 49% from issue price

The stock slipped 15% to Rs 382, falling 49% against its issue price of Rs 750 per share on the BSE.

Khadim India
Premium

Khadim India

SI Reporter Mumbai
Shares of Khadim India hit a new low of Rs 382 apiece, down 15 per cent on the BSE in intra-day trade on Friday, after the footwear company reported a weak set of numbers for the quarter ended December 2018 (Q3FY19).

The stock was trading at its lowest level since its listing on November 14, 2017. It plunged 49 per cent from its issue price of Rs 750.

The company engaged in footwear and accessories business has posted a 55 per cent decline in net profit at Rs 3.97 crore in Q3FY19, due to lower revenue. It had

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