Indian ferro-alloy producer Nava drops on Q4 profit slide
17/05/2024 10:03
** Shares of India's Nava NAAL.NS down 5.8% after falling
as much as 7.2% earlier in the session
** Ferro-alloy producer's Q4 consol net profit fell 16.4%
y/y, while rev from ops rose 4.8%
** Stock on track to snap three straight sessions of gains,
if trend holds
** Trading vols ~6x 30-day avg
** YTD stock is up 14%
(Reporting by Hritam Mukherjee in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com;))
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