India's Century Enka plunges on Q4 profit drop

Century Enka

06/05/2025 10:37

** Shares of Century Enka CNTE.NS down 12.5% to 460 rupees
** Industrial yarn and fabric maker says Q4 consol PAT falls 66.7% y/y to 67.6 mln rupees ($800,710.69), rev down 5.3%
** Stock set for sharpest intraday fall since Feb 27
** Stock moved below its 50-day simple moving avg after the news
** More than 187,000 shares traded, 5.8x its 30-day moving avg
** Shares changed hands most since Feb 25
** CNTE extends YTD losses to ~26%

($1 = 84.4250 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))