India's Alkyl Amines Chemicals falls on Q1 profit slide

Alkyl Amines Chemicals

07/08/2023 09:39

** Shares of Alkyl Amines Chemicals Ltd  ALKY.NS  fall as
much as 3.4% to 2,340 rupees, lowest since April 28
    ** Stock now down 2.6%
    ** The chemicals manufacturer reports 39.2% year-on-year
fall in profit after tax to 497.7 mln rupees ($6.02 million) in
June quarter
    ** Revenue from operations fell 13.4% to 4.1 bln rupees 
    ** Stock most active since June 14
    ** More than 68,000 shares change hands by 1:52 P.M. IST,
2.4x 30-day avg of 28,267 shares
    ** Stock extends YTD losses to ~11%, while it fell 25% in
2022



($1 = 82.7020 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))