India's Manali Petrochemicals falls on Q2 profit slump

Indo Amines

05/11/2024 04:23

** Shares of Manali Petrochemicals  MNLI.NS  fall 6.1% to 66.99
rupees
** Co reports a 98% plunge in Sept-qtr consol profit to 2
million rupees ($23,777.25) while rev from ops fell about 15%
    ** MNLI lost about 13% in October, third straight month of
losses
    ** Stock down ~15% so far this year, set for third straight
year of losses
    ** YTD, peer Indo Amines  INAM.NS  up ~37%
     
     
    ($1 = 84.1140 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)
((dimpal.gulwani@thomsonreuters.com))