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SHARDACROP — Sharda Cropchem News Story

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India's Sharda Cropchem hits 6-month low after Q1 profit fall

BUZZ-India's Sharda Cropchem hits 6-month low after Q1 profit fall

** Shares of Sharda Cropchem SHCR.NS fall 6.1% to 823.6 rupees, lowest since Jan. 27

** Agrochemical firm's Q1 consol net profit falls 38% Y/Y, hurt by higher purchase of stock-in-trade; rev up 9%

** Over 710,000 shares traded, 4.7x the 30-day avg

** Stock rated "buy" on avg; median PT 1,305 rupees - data compiled by LSEG

** Stock down 6% YTD


(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

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