India's Suven Pharma hits over 2-month low on Q3 profit slump

Cohance Lifesciences

06/02/2024 05:33

** Shares of Suven Pharmaceuticals  SUVH.NS  fall as much as
10.4% to 585.2 rupees, lowest level since Nov. 20
    ** The pharma co said on Monday its Q3 net profit more than
halved to 523.6 mln rupees ($6.3 mln), rev from ops slipped ~39%
Y/Y
    ** More than 665,000 shares change hands, 3.5x its 30-day
avg
    ** Stock fell ~7% in January, snapping eight consecutive
monthly gains



($1 = 83.0380 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))