India's Sharda Cropchem drops after Q3 profit slump

Sharda Cropchem

24/01/2024 09:38

** Shares of India's Sharda Cropchem  SHCR.NS  down 3.4%
    ** Agrochemicals co's Q3 consol net profit slumped 96% while
rev dropped about 38%
    ** Stock fell 7% to the day's low earlier in the session,
recording its sharpest intraday pct loss since July 25, 2023 
    ** Stock sees busiest day since Dec. 28, eyes fourth
straight week of losses
    ** More than 616,000 shares changed hands by 2:57 p.m. IST,
more than 3x 30-day avg 
    ** Mean recommendation of six analysts eyeing the stock is
"buy", median TP 500 rupees - LSEG data
    ** Stock down about 10% so far this year

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