Indian agro firm Kaveri Seed slumps on quarterly profit fall

Kaveri Seed

02/02/2024 09:02

** Shares of agro firm Kaveri Seed Company  KVRI.NS  fall
4.1% to 685 rupees, steepest drop since late October 
    ** Co reported over 69% decline in Dec-qtr consol net PAT,
rev from ops down 0.9% 
    ** Stock has gained ~17% since KVRI reported over two-fold
rise in Q2 profit on Nov. 8 
    ** Stock has been trading above its 200-day simple moving
avg since June, volumes 1.2x 30-day avg  
    ** It gained 18.6% in 2023 


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))