India's Archean Chemical falls after reporting quarterly profit decline

About this update from Archean Chemical Industries Ltd.

** Shares of Archean Chemical Industries NSE:ACI fall 3.3% to 641 rupees, logging their steepest intraday pct loss since May 9** Specialty chemicals maker posts a 25% Q/Q decline in June-qtr consol PAT; rev from ops drops 15.4% Q/Q** Co's consol PAT falls 10.5% Y/Y, rev from ops rises 37.5% Y/Y** More than 223,445 shares change hands, 1.3x of 30-day avg** ARCN rated "buy" by 4 analysts on average; median target price is 696 rupees – data compiled by LSEG** Stock down 4% YTD

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