India's Orient Cement falls after Q1 profit slips

Orient Cement

01/08/2023 09:27

** Shares of Orient Cement  ORCE.NS  fall as much as 3.8% to
141.50 rupees
    ** Co on Tuesday reported a 1% YoY fall in June quarter
profit; rev from ops up ~16% 
    ** Over 682,000 shares change hands by 01:51 p.m. IST, 1.0x
the 30-day moving avg 
    ** Five of nine analysts covering stock have "buy" or
"strong buy" rating, three "hold" and one "sell;" median PT 160
rupees - Refinitiv data
    ** As of last close, stock up ~20% this year


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))