India's Authum Investment & Infrastructure falls 11% on Q2 profit slump

Authum Investment & Infrastructure

22/10/2024 10:49

** Shares of non-banking finance co Authum Investment &
Infrastructure  AUTH.NS  fall 11% to 1,662 rupees
    ** AUTH set for its worst session in over four months
    ** Co reports a ~57% slump in Sept-qtr consol profit to 8.43
billion rupees ($5.1 million) while rev from ops fell 49%
    ** Busiest session for the stock since mid Aug; more than
347,000 shares change hands, over four times the 30-day avg 
    ** Stock still up ~79% since listing in April

($1 = 84.0470 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))