India's Campus Activewear drops on Q4 revenue slip, flat PAT

Campus Activewear

30/05/2023 06:14

** Shares of Campus Activewear Ltd  CAMU.NS  open 6.4% lower
on Tuesday at 336 rupees, their steepest pct drop since March 24
    ** Co reported 1.3% decline in Q4 revenue from operations;
profit after tax remained flat YoY
    ** Co also appointed Sanjay Chhabra as chief financial
officer
    ** About 536,000 shares change hands by 10:22 a.m. IST,
roughly equal to the 30-day avg - Refinitiv Data
    ** Stock on track to fall for second consecutive session, if
trends hold
    ** Four analysts rate stock 'buy' or higher, one 'strong
sell;' median PT is 450 rupees- Refinitiv data
    ** Stock last down 4.8%, extending YTD losses to 17.3%

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))