Nocil LimitedNSE: NOCIL

India's Nocil slides on quarterly profit fall

· Issued by 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)