8K MIles hits a new low

about 6 months ago
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8K Miles, which is usually amongst the early ones to declare its quarterly numbers, is sending the jitters this time. It’s time to soon declare Q1FY19 numbers and the company is yet to announce its Q4Fy18 earnings.

The company has announced on 30th May that it would be declaring its March quarter number on 22nd June. That day came and went and no numbers. The company has now informed that it will announce the numbers on 17th July at 4 pm.

The company has been doing well but all of a sudden when it starts postponing the results, it does become a cause for concern as in corporate world, this is a big no-no.

Not surprisingly, the stock price today hit a new low at Rs.314.50,  a huge fall from yesterday’s close of Rs.391.65.

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