Johnson Controls-Hitachi Air Conditioning India falls after reporting Q4 loss

Bosch Home Comfort India

24/05/2023 07:19

** Shares of Johnson Controls-Hitachi Air Conditioning India
Ltd  JCHA.NS  fall as much as 5.04% to 1,036.45 rupees; post
sharpest intraday pct loss since Oct. 21, 2022
    ** Co on Tuesday reported Q4 loss of 10.6 million rupees
($129,616.04) vs profit of 156.8 mln rupees yr ago
    ** JCHA's rev from ops too fell 21.1% Y/Y
    ** Share price below 50-day, 100-day and 200-day exponential
moving averages, suggesting bearish trend
    ** More than 66,000 shares change hands by 11:35 a.m. IST,
3.6x 30-day avg of 18,730 shares
    ** 2 of the 5 analysts covering the stock have a "buy" or
"strong buy" rating while 3 have "hold"; median PT is 1,215
rupees - Refinitiv data
    ** Including session's loss, stock down 4.8% YTD



($1 = 81.7800 Indian rupees)

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