Shares of Adani Ports and Special Economic Zone tumbled nearly 7 pct

The stock tanked 6.67 percent to Rs 371.20 on BSE.

Shares of Adani Ports and Special Economic Zone (APSEZ) today tumbled nearly 7 percent after the company reported 9 percent decline in consolidated profit for the June quarter.

The stock tanked 6.67 percent to Rs 371.20 on BSE.

At NSE, shares of the company dived 6.63 percent to Rs 371.

The stock was the worst hit among the blue chips on both the key indices during the morning trade.

APSEZ yesterday reported 9 percent decline in consolidated profit to Rs 697.40 crore for the first quarter of the 2018-19 financial year.

It had posted a net profit of Rs 767.52 crore in April-June, 2017-18, APSEZ said in a filing to BSE.

The consolidated income also fell to Rs 2,703.86 crore from Rs 2,959.63 crore in the year-ago period.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)