Natco Pharma Shares Drop After Q2 Profit Miss

Shares of Natco Pharma Ltd. declined after the company reported a 13% fall in its second-quarter net profit, falling short of the consensus estimates by analysts.The stock fell as much as 4.87% intraday on Thursday, the most since Sept. 16. However, it gained 3.33% as of 2.32 p.m. The total traded quantity stood at 2.6 times the 30-day average.According to Bloomberg data, of the 16 analysts tracking the company, seven maintain a ‘buy…