India's AVT Natural Products eyes worst day in 9 months after Q3 profit fall

AVT Natural Products

13/02/2023 09:05

(Repeats with no changes to text)
    ** Shares of AVT Natural Products  AVTN.NS  fall as much as
9.5% to 93 rupees, mark sharpest intraday pct loss since May 12,
2022
    ** Stock on track to snapping three consecutive sessions of
gain
    ** Co reported a ~50% YoY fall in Q3 consolidated net profit
to 133.6 million rupees due to increase in costs, 6.3% fall in
revenue
    ** Co to set up wholly-owned subsidiary in Dubai - statement
    ** Share trading below 50-day, 100-day and 200-day moving
averages, suggesting bearish trend
    ** More than 250,000 shares traded by 1:37 p.m. IST, 2.4x
30-day avg
    ** Stock rose 37.6% last year
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))