India's Sudarshan Chemical drops as Q3 profit nosedives

Sudarshan Chemical Industries

17/02/2025 10:04

** Sudarshan Chemical Industries  SDCH.NS  falls 4.3% to
874.7 rupees, lowest in more than seven months
    ** Pigment maker's Q3 profit nosedives 96% y/y to 5.1
million rupees ($58,731.40), hurt by acquisition-related one-off
loss of 308.3 mln rupees; rev up 18% y/y
    ** More than 461,000 shares traded, about thrice its 30-day
avg
    ** Stock set for third straight day of losses
    ** SDCH rated "buy" on avg; median PT is 1,046 rupees - LSEG
    ** Stock rose more than two-fold in 2024

($1 = 86.8360 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))