India's Pasupati Acrylon hits over 2-mth low on profit drop

Pasupati Acrylon

03/02/2023 07:26

** Shares of Pasupati Acrylon Ltd  PASA.NS  fall as much as
6.6% to 30.3 rupees, lowest since Nov. 30 
    ** Acrylic fibre manufacturer reported 3.8% fall in Dec-qtr
profit to 105.2 mln rupees ($1.28 mln)
    ** Co's revenue from operations falls 5.6% to 1.93 bln
rupees, hit by low revenue from fibre segment
    ** Stock trading below its 50-day, 100-day, and 200-day
moving averages
    ** Trade volume matches 30-day avg of 53,700 shares as of
12:25 p.m.
    ** Stock was down 27.7% last year
 
 ($1 = 82.2290 Indian rupees)
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))