India's Bambino Agro Industries tumbles as profit plummets Q/Q

Bambino Agro Industries

09/02/2023 08:34

** Vermicelli maker Bambino Agro Industries  BAMB.BO  fall
as much as 11% to 307.1 rupees, sharpest fall since March 5,
2021
    ** The food processing co posts a 7.9% Y/Y rise in quarterly
profit to 17.7 million rupees ($214,376.55), which is a 56%
contraction on a sequential basis
    ** Rev from ops, too, grew 22.5% Y/Y to 739.1 million rupees
but contracted 22% Q/Q
    ** Stock falls below 100-day and 200-day moving avgs in
today's trade, first since Oct. 3, 2022
    ** More than 4,047 shares traded, 2x the 30-day avg
    ** Stock rose 40.2% in 2022, third straight year of annual
gains
($1 = 82.5650 Indian rupees)
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))