India's Mishra Dhatu Nigam declines most in 5 months on Q4 profit fall

Mishra Dhatu Nigam

26/05/2023 07:53

** Shares of Mishra Dhatu Nigam  MISR.NS  fall as much as
5.4% to 218.5 rupees, biggest pct loss since Dec. 22
    ** Co reported a 18% drop in consol profit to 662.6 mln
rupees ($8.01 million) year-over-year
    ** Its total rev from ops rose to 3.45 bln rupees from 3.23
bln rupees year ago
    ** More than 571,666 shares change hands by 12:15 p.m. IST
vs 1.1x 30-day avg of 517,478 shares
    ** Median PT is 247.5 rupees - Refinitiv data
    ** Stock up 6.4% YTD up to last close

    
($1 = 82.7096 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))