India's Fertilisers and Chemicals Travancore down 9% after Q4 profit falls

Fertilisers And Chemicals Travancore

05/05/2023 09:15

** Shares of Fertilisers And Chemicals Travancore Ltd
 FCTL.NS  fall as much as 8.6% to 320.15 rupees, biggest
intraday pct loss since Dec. 23, 2022
    ** Co's March-qtr consol. profit fell ~27% to 1.66 bln
rupees ($20.32 million), hurt by lower revenue from fertilizer
and petrochemical segments
    ** Co's rev from ops fell 26.2% to 12.49 bln rupees
    ** Moving average convergence divergence (MACD) line fell
below the signal line, indicating bearish momentum 
    ** Trading volume at ~1.26 mln shares, sightly below the
30-day avg of ~1.87 mln shares as of 1:25 p.m. IST 
    ** Up to last close, stock was down 6.2% so far this year



($1 = 81.6830 Indian rupees)

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