India's Tanfac Industries slides on Q4 profit decline

Tanfac Industries

23/04/2024 07:25

** Shares of Tanfac Industries  TAMF.BO  down 3.3% at
2,050.05 rupees 
    ** The specialty chemicals manufacturer on Monday reported a
43.4% YoY fall in its March qtr profit, total revenue down 13.9%
    ** Stock on track for a second consecutive session of
losses, if trend holds 
    ** More than 15,000 shares change hands by 11:50 a.m. IST,
2.1x the 30-day avg
    ** Including session's move, stock is down 16.5% YTD, while
its peer Tata Chemicals  TTCH.NS  was up 0.84% and Alkyl Amines
Chemicals  ALKY.NS  down 17% 
    

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))