India's Neogen Chemicals falls on quarterly profit slide

Neogen Chemicals

15/05/2023 11:02

** Shares of chemicals manufacturer Neogen Chemicals
 NEOE.NS  slide as much as 4.71% to 1,451.15 rupees, lowest in
more than a month
    ** Co posts steepest intraday fall in about a week 
    ** NEOE's March qtr profit dropped 8.5% 
    ** Stock on track for second consecutive sessions of losses 
    ** All 6 analysts covering the stock rate it "buy" or
higher, according to Refinitiv IBES data 
    ** Co shares have fallen ~3% so far this year

($1 = 81.7800 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))