Indian ferro-alloy producer Nava drops on Q4 profit slide

Nava

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;))