India's EIH set for worst day in 11 months on Q1 profit drop

EIH

07/08/2024 09:19

** Shares of EIH  EIHO.NS  fall as much as 10.1%; trims some
losses to last trade 6.3% lower to 371.65 rupees
    ** Stock on track for worst day since Sept. 4, 2023
    ** Hotel chain manager's Q1 profit fell 5.2% YoY
    ** Stock on track to fall in fifth straight session
    ** Rival Indian Hotels Co's  IHTL.NS  profit rose, sending
its shares up
    ** EIH up ~48% YTD, IHTL up ~40%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))