Business
India's Nocil slides on quarterly profit fall
India's Nocil slides on quarterly profit fall
About this update from Nocil Limited
** Shares of Nocil NSE:NOCIL down 6.3% to 183.8 rupees ** Rubber chemicals manufacturer's Q4 consol net profit dropped 50% to 207.9 mln rupees ($2.4 mln), rev fell 4.7% ** Stock set to snap five straight sessions of gains** Stock has been below its 100-day, 200-day simple moving avgs since Dec, indicating bearish sentiment** Nearly 970,000 shares traded, 2.6x their 30-day moving avg** Avg rating of six analysts is "buy" and median PT is 240 rupees, ~30% higher than current price - data compiled by LSEG** NOCI extends YTD losses to ~25%($1 = 85.6500 Indian rupees)