Shares of Solara Active Pharma Sciences, GE Power and Stove Kraft have tanked up to 35 per cent during this week after the companies reported a weak set of numbers for the quarter ended December 2021 (Q3FY22). In comparison, the S&P BSE Sensex was down 0.86 per cent in this time period.
The stock of Solara Active hit a fresh 52-week low of Rs 620.20, down nearly 20 per cent in Friday’s intra-day trade, falling 36 per cent in the past two days on the BSE, after it reported a consolidated net loss of Rs 140 crore in December quarter (Q3FY22), due to lower revenue. The pharmaceutical company had posted a profit of Rs 65.78 crore in the year-ago quarter (Q3FY21).
