India's Balaji Amines hits over 1-year low after Q3 profit slump

Balaji Amines

07/02/2023 07:26

** Shares of Balaji Amines Ltd  BAMN.NS  fall as much as 5.9% to
2,163.8 rupees, their lowest level since April 27, 2021
    ** The chemical manufacturing co on Monday reported a 30%
slump in consol net profit to 625.7 million rupees  ($7.57
million) 
    ** Rev from operations rose 3.4% to 5.86 billion rupees
    ** The stock sees its biggest intraday loss since Feb. 24,
2022 and is on track for a second straight session of losses 
    ** More than 137,697 shares traded by 12:52 p.m. IST, vs its
30-day moving avg of 44,039 shares 
    ** Stock fell 21% in 2022 
($1 = 82.6930 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))