Graphite India extends losses on drop in quarterly profit

HEG Advanced Materials

07/05/2024 10:40

** Shares of Graphite India  GRPH.NS  fall as much as 5.2%
to 615.2 rupees, hitting their lowest level since April 1   
    ** Electrode maker's Q4 consolidated net profit falls 45%,
rev down nearly 12%
    ** GRPH was down around 2% ahead of results 
    ** Stock set to end lower for a seventh straight session,
falling around 10% in that period 
    ** GRPH is up nearly 13% YTD vs a 25.5% rise in peer HEG
Ltd HEGL.NS  

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))