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Q4 earnings effect: Stove Kraft shares tank 12%; top losers on BSE

Shares of Stove Kraft Ltd slipped over 12% today after the firm reported a loss of Rs 6 crore for the fourth quarter ended March 2023 against a net profit of Rs 8.65 crore in the corresponding quarter of the previous fiscal. Stove Kraft stock fell 12.22% to Rs 438 against the previous close of Rs 498.95 on BSE. The stock has lost 21.33% in one year and fallen 13% since the beginning of this year. Total 0.74 lakh shares of the firm changed hands amounting to turnover of Rs 3.30 crore. Market cap of the firm fell to Rs 1459.62 crore.

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