India's V-Guard Industries falls as Q4 profit slumps 41%

V Guard Industries

30/05/2023 10:52

** Shares of Indian electrical products maker V-Guard
Industries Ltd  VGUA.NS  slide as much as 3.14% to 242.90
rupees, sharpest intraday fall since Feb 22 
    ** Co posted 41% slump in Q4 consol net profit to 527.3
million rupees ($6.37 million), revenue up 7.6%
    ** Co shares trading below 50-day and 100-day simple moving
averages, indicating bearish momentum
    ** More than 522,008 shares changed hands by 3:11 P.M. IST,
4.9 times 30-day average of 106,774 shares 
    ** Eleven out of 21 analysts rate the stock "buy" or higher,
7 suggest "hold" while 3 recommend "sell" or lower
    ** YTD stock had fallen ~4.9%

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))