India's Punjab Chemicals sinks on quarterly profit fall

Punjab Chemicals And Crop Protection

06/05/2024 10:21

** Shares of Punjab Chemicals and Crop Protection Ltd
 PCHM.NS  down 8% at 1,069.85 rupees
    ** Agrochemicals firm reports 25% fall in March-quarter
consol profit – down for a second-straight qtr – hurt by flat
revenue and higher expenses
    ** Over 93,000 shares traded, 4.7x the 30-day avg volume
    ** Stock extends YTD losses to 19%

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))