India's Andhra Paper falls as workers strike at plant

Andhra Paper

06/01/2025 08:47

** Shares of Andhra Paper  ANDA.NS  slide about 5%, set for
biggest one-day drop in 4 months
    ** Stock hits session low of 90.05 rupees, lowest since Sept
2023
    ** Co says workers went on strike from Jan 3 at factory in
Rajahmundry, Andhra Pradesh
    ** Reason of strike/workers demands not mentioned; duration
of strike unclear
    ** Co declares lockout on Jan 6 for safety of employees,
plant assets
    ** Trading volume over 235,000 shares tops 30-day moving avg
    ** Stock reverses from slim 2025 gains to drop 4.5% YTD; had
fallen 22.5% in 2024

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))