Solara, GE Power, Stove Kraft tank up to 35% in one week on weak Q3 results
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).
