Sintex falls on lower growth guidance

Reuters Updated - January 19, 2018 at 03:08 PM.

The Sintex Industries share has fallen on lower growth guidance. The share has fallen by as much as 7 per cent.

This marks its lowest intraday level since September 10, 2015.

The FY16 revenue growth guidance has been lowered to 15 per cent from 20 per cent earlier, analysts said.

The guidance has been lowered on euro depreciation, a fall in commodities, and lower demand from auto companies.

The Q3 consolidated profit rose 11 per cent.

At 10.27 am on Monday, the share was down nearly 6 per cent at Rs 95.20 on the BSE.

Published on January 11, 2016 05:00