India's NR Agarwal Industries sees sharpest drop in 5 months on profit slump

N R Agarwal Industries

13/08/2024 06:57

** Shares of NR Agarwal Industries  NRAI.NS  drop 8.2% to 409 rupees
    ** Stock posts sharpest intraday fall since March 13
    ** The recycled paper and paper boards maker on track for fifth straight
fall
    ** Co reports its net profit after tax slumped 92% in the June-quarter
    ** Traded vol of over 30,000 shares by 11:10 a.m. IST is 1.5x the 30-day avg
    ** Stock last down 6.2%, cutting YTD gains to ~5%

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))