Century Plyboards (India) falls after June-quarter profit drop

Century Plyboards (India)

04/08/2023 09:54

BENGALURU, Aug 4 (Reuters) -    ** Shares of Century
Plyboards (India)  CNTP.NS  fall as much as 2.6% to 640.15
rupees, lowest since June 30
    ** Co reported 5.8% fall YoY in June-quarter consolidated
net profit to 869.3 mln rupees ($10.5 mln)
    ** Revenue inched up 0.2% to 8.91 bln rupees while expenses
rose 2.4%
    ** Almost 145,000 shares change hands as of 2:17 p.m. IST,
1X the 30-day moving average
    ** Mean rating of 16 analysts is "buy"; median PT is 695
rupees - Refinitiv data
    ** Including day's move, stock up 26.8% YTD
        
($1 = 82.8075 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))