India's Mishra Dhatu Nigam down on Q4 profit fall

Mishra Dhatu Nigam

30/05/2024 05:29

** Shares of special metals manufacturer Mishra Dhatu Nigam
 MISR.NS  fall as much as 4.5% to 426.55 rupees; last down 2.9%
    ** Co reported a 30% Y/Y fall in Q4 consolidated profit as
expenses grew 31%, outpacing income from ops
    ** Stock on track for a fifth straight session of losses
    ** Including session's move, stock is up 3.4% YTD; it has
risen 100% in the last 12 months

($1 = 83.3780 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))