India's Neogen Chemicals falls on FY26 revenue guidance cut
10/03/2025 08:08
** Neogen Chemicals NEOE.NS falls 6.6% to 1,684.6 rupees; set to fall for a second straight session ** Specialty chemicals maker revises its revenue guidance for FY 2025-26 to about 7.75 bln rupees to 8.50 bln rupees ($88.8 mln to $97.4 mln), down from an earlier projection of 9.50 bln rupees to 10 bln rupees ** Revision due to a fire incident at its Dahej SEZ manufacturing plant ** Stock rated "buy" on avg; median PT is 2,280 rupees - data compiled by LSEG ** NEOE fell ~19% YTD ($1 = 87.2400 Indian rupees) (Reporting by Yagnoseni Das in Bengaluru) ((Yagnoseni.Das@thomsonreuters.com;))
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