India's West Coast Paper Mills falls after Q4 profit more-than-halves

West Coast Paper Mills

27/05/2024 10:51

** Shares of West Coast Paper Mills  WSTC.NS  down 2.5% at
615.70 rupees, after falling as much as 4.6%
    ** WSTC reports ~57% Y/Y fall in consolidated net profit
while rev from ops fell 21.2% Y/Y
    ** Co also declared a dividend of 8 rupees per shr for
fiscal 2024    
    ** Stock on track for fifth consecutive session of loss, if
trend holds
    ** Trading vol 2.9x 30-day daily avg
    ** Stock fell ~19% in March quarter, its biggest quarterly
fall since March 2020
    ** Stock down 15.6% YTD


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