India's Tatva Chintan Pharma Chem falls after quarterly results

Tatva Chintan Pharma Chem

18/01/2022 06:53

** Specialty chemicals maker's shares  TATV.NS  down as much
as 9.4% at 2,598 rupees, erasing its gains for the year
    ** TATV stock tumbles to its lowest since Jan. 10 after two
straight sessions of gains 
    ** Company reports https://bit.ly/3IdBK71 consolidated net
profit for December-quarter of 228.1 mln rupees ($3.07 mln), a
fall of 29.6% from the previous quarter
    ** Consolidated revenue from operations also falls to 1.05
bln rupees from 1.24 bln rupees in the previous quarter
    ** More than 286,000 shares traded by 0610 GMT, 5x 30-day
avg
    ** Industry-peer Poddar Pigments  PODR.NS  down 1.6%
    ** As of last close, TATV stock up 8% this year

 ($1 = 74.4200 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607))