India's Cheviot down 5% on Q4 profit slide

Cheviot

25/05/2023 10:45

** Shares of Cheviot Ltd  CHVI.NS  fall as much as 4.6% to
1,112.4 rupees, reversing three sessions of gains
    ** Jute manufacturer says March-qtr profit fell 9% to 137.1
mln rupees ($1.66 mln), rev from ops dropped 17.5%
    ** Trading volume at ~5,400 shares, nearly 3x the 30-day avg
of ~1,870 shares as of 2:55 p.m. IST 
    ** Stock down 2.9% so far this year

($1 = 82.74 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))