India's Gandhar Oil Refinery slips on Q4 profit drop

Gandhar Oil Refinery India

23/05/2024 05:30

** Shares of Gandhar Oil Refinery  GADH.NS  fall as much as
9.3% to 205.1 rupees, lowest since April 1
    ** Co reports 59% fall in Q4 consolidated net profit to 91.4
mln rupees ($1.1 mln), rev from ops down ~5% Y/Y
    ** More than 920,000 shares change hands, 2.6x the 30-day
avg
    ** GADH trading below its 50-day and 100-day simple moving
averages in May
    ** Stock down 12% so far in May



($1 = 83.2710 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))