India's Chemfab Alkalis loses most in over 1 year on Q1 quarterly profit slump

Chemfab Alkalis

28/07/2023 05:08

** Shares of Chemfab Alkalis  CHMF.NS  fall as much as 12.1%
to 310 rupees, their steepest intraday pct slide since March 30,
2022
    ** The chemicals manufacturer after market hours on Thursday
posted a ~56% YoY fall in its June-quarter consol net profit;
consol rev from ops down ~19% YoY
    ** Stock on track to fall for a third straight session, if
trend holds
    ** More than 64,000 shares change hands, 1.0x the 30-day
moving avg 
    ** As of last close, stock down 25% this year 


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))