India's Sheetal Cool falls 13% as Q4 profit almost halves

Sheetal Cool Products

20/04/2023 08:23

** Shares of ice-cream and milk products maker Sheetal Cool
Products  SHEA.NS  down as much as 13.08% at 590 rupees, hitting
lowest level since April 5
    ** Co reports an over 47% Y/Y slump in Q4 standalone profit,
while revenue from ops falls 44% 
    ** Stock on track for a second consecutive session of loss,
if trends hold
    ** More than 95,000 shares change hands by 12:38 p.m. IST,
2.1x 30-day avg of 45,537 shares
    ** Stock up ~6.7% YTD, as of last close


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))