India's Jubilant Ingrevia falls most in over 9 months on Q4 profit fall

Jubilant Ingrevia

16/05/2023 10:10

** Shares of Jubilant Ingrevia Ltd  JUBN.NS  fall as much as
5.8% to 396.75 rupees, biggest intraday pct. loss since Aug 2022
    ** The health & chemicals firm's March-qtr consolidated net
profit drops 23.7% after an 11.5% fall in sales
    ** Trading volume at ~818,000 shares, nearly 2x the 30-day
avg of ~420,700 shares as of 2:20 p.m. IST 
    ** Stock last down 24% this year, extending losses of ~20%
up to last close



($1 = 81.7800 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))