India's NGL Fine Chem back at 20-month low as profit slump negates pre-results rally

Ngl Fine Chem

10/02/2025 07:17

** India's NGL Fine Chem  NGLF.NS  slumps an
exchange-allowed maximum of 20% back to 20-month low of 1,509.6
rupees 
    ** Late Friday, NGLF reported Q3 profit from cont ops
crashed 87%, mainly due to higher costs; rev inched up 1.3%
    ** Stock had also dropped 6% on Friday, ahead of results,
which takes the 2-day tumble to 25%
    ** However, ahead of results, stock had run up ~27% in
three-day rally, climbing off a 20-month low
    ** Taking the 3-day rally and 2-day slide into account,
stock has overall lost 4.5% in past 5 sessions
    ** Trading volume has risen in this run, with latest day vol
of 165k shares the highest and ~25x the 30-day daily moving avg

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))