India's Uttam Sugar Mills down after Q4 profit fall

Dhampur Sugar Mills

07/05/2024 08:20

** Shares of Uttam Sugar Mills  UTSM.NS  down as much as
5.1% to 333.75 rupees; last down 4.7% 
    ** Co on Monday reported a near 40% Y/Y fall in its Q4
profit; revenue from operations fell 11.8% 
    ** More than 115,000 shares change hands as of 12:48 p.m.
IST, 0.8x 30-day average
    ** Stock on track for a fourth consecutive session of
losses, if trend holds
    ** Including session's move, stock is down 17.4% YTD,
outpacing fall in its peers Dhampur Sugar Mills  DAMS.NS  and
Balrampur Chini Mills  BACH.NS  which are down 12.3% and 7.7%,
respectively

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))