India's Ganesh Housing Corp slumps on weak Q1 results

Ganesh Housing

15/07/2024 09:20

** Shares of Ganesh Housing Corp  GHFC.NS  slump as much as ~7%,
last down 5.2% to 953.45 rupees, sees worst session since
mid-Feb
    ** The real estate co's Q1 consol net profit fell ~30% y/y,
rev from ops down ~21%, while input costs more-than-doubled 
    ** Over 543,000 shares traded, eyes busiest session since
early-June 
    ** Including session's losses, stock is up ~128% YTD 



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))