India's Astec LifeSciences drops on weak Q3 results

Astec LifeSciences

29/01/2024 07:41

** Shares of India's Astec LifeSciences  ASTE.NS  down 4.2%
to its lowest levels since Dec 2020
    ** Agricultural chemicals maker posted Q3 consol net loss of
243.3 mln rupees vs 8.4 mln rupees profit; rev falls by over 50%
    ** Co on track for fifth consecutive month of decline,
longest monthly losing streak since late 2012-early 2013
    ** About 56,000 shares changed hands by 12:52 p.m. IST,
nearly 1.5x 30-day avg
    ** Stock fell over 17% in Q3 FY2024, and ended CY2023 with a
loss of 37.5%

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))