India's Atul falls on Q2 profit drop

Atul

20/10/2023 10:01

** Shares of Atul  ATLP.NS  fall as much as 2.5% to 6,605
rupees
    ** The diversified chemicals maker reported a 40% Y/Y fall
in consolidated net profit in Q2 and a near 20% Y/Y fall in
revenue
    ** Consolidated revenue in performance and other chemicals
and life science chemical segments fell 12.4% and 37% Y/Y,
respectively 
    ** Stock on track for a third consecutive session of loss,
if trend holds
    ** Two of the 10 analysts covering the stock have a "buy" or
"strong buy" rating, three have "hold" while five rate it at
"sell" or "strong sell"; median PT is 6,613.50 rupees - LSEG
data
    ** Stock down 19.4% YTD


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))