India's Hikal falls as Q3 profit slumps

Hikal

09/02/2024 07:34

** Shares of Hikal  HIKA.NS  down 2.9% to 288.8 rupees 
    ** HIKA slid 3.8% earlier in the day to hit session's low at
286 rupees
    ** Chemical maker's Q3 consol net profit slumped ~39%, rev
from ops dropped 17% 
    ** More than 308,000 shares changed hands by 12:50 p.m. IST
vs 30-day avg of 310,603 
    ** So far this year stock has fallen ~5% after a 26% drop in
2023 - its second straight annual loss

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))