India's Fractal Analytics drops to 15-week low as Q1 profit drops sequentially
BUZZ-India's Fractal Analytics drops to 15-week low as Q1 profit drops sequentially ** India's Fractal Analytics FRAL.NS slides 7.7% to 15-week low of 795 rupees
** AI consulting firm's Q1 net profit drops ~37% sequentially, while revenue up 3%
** Operating margin contracts to 17% in Q1 from 22% a quarter ago
** Nearly 570,000 shares change hands so far, ~1.5x of 30-day average daily volume
** Ambit Capital initiated stock with "Sell" rating earlier this week, PT at 710 rupees
** "AI adoption disrupting industry growth, high client concentration with 53% revenue from top 10 clients and 37% exposure to (generative) AI disruption-prone sectors make us cautious on Fractal," the brokerage had said
** Stock rated "Buy" on average by six brokerag firms, median PT at 1,010 rupees
** FRAL down 9.3% from its listing price of 876 rupees in February
(Reporting by Vivek Kumar M)
Recent news on Fractal Analytics
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India's Fractal Analytics drops to 15-week low as Q1 profit drops sequentially
India's Fractal Analytics falls after CFO resigns