Stocks of Repro India fell to 2-month lows

Repro India Ltd., a digitized content developer and printer, fell to 2-month lows after the company quarterly profit more than halved due to rising finance costs.

Repro said its first quarter net profit fell 59 percent to 2.4 crore rupees compared with 5.91 crore rupees in the same quarter a year ago.Sales during April-June rose 23 percent to 116.8 crores versus 95.04 crores. Repro's finance costs rose 4.64 crore rupees compared with 2.1 crore rupees earlier.

Repro fell 22 rupees, or 4.4 percent, to 481.50 rupees, its lowest since June 29, on the National Stock Exchange where 29,000 shares changed hands by 1 pm compared with a 5-day average of 6,400 shares.

Repro's market capitalisation has surged 151 percent in one year to 530 crore rupees.

Image credit: Indiatimes