Sharda Cropchem Shares Fall 4% on Weak Q2

Shares in Sharda Cropchem fell over 4 per cent on Thursday tracking Q2 numbers that were announced after markets closed yesterday. Sharda Cropchem sales declined 11 per cent year-on-year to Rs 237 crore in the September quarter, while net profit declined 9 per cent to Rs 24 crore. Sharda Cropchem, which buys agro-chemicals from China and exports it to around 70 countries, said forex fluctuations impacted sales in the second quarter...