India's Andhra Paper falls on Q4 profit decline

Andhra Paper

15/05/2024 10:43

** Shares of Andhra Paper  ANDA.NS  fall as much as 3.9% to
504.05 rupees 
    ** Paper and pulp maker reported 75% y/y drop in Q4 profit,
revenue dropped 38% 
    ** ANDA reports profit drop for third straight quarter
    ** Stock last down 2.5%, set to snap three straight session
of gains 
    ** Stock down 16% YTD after rising 45% in 2023 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))