India's IFB Agro Industries drops most in over a year on Q1 profit slump

IFB Agro Industries

16/08/2023 05:32

** Shares of IFB Agro Industries  IFBA.NS  fall as much as
9% to 492 rupees
    ** Stock posts steepest intraday pct slide since June 20,
2022
    ** Alcohol manufacturer on Monday, after market hours,
reported 87% YoY fall in June qtr profit, ~18% YoY fall in rev
from ops 
    ** IFBA on track to fall for second straight session, if
trends hold 
    ** Over 14,083 shares change hands as of 09:57 a.m. IST 1.7x
the 30-day moving avg 
    ** As of last close, stock up 0.3% so far this year


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))