India's Ganesh Housing surges 15% on four-fold jump in Q4 profit

Ganesh Housing

09/05/2023 09:01

** Shares of Ganesh Housing Corp Ltd  GHFC.NS  rise as much
as 15.06%, their biggest intraday pct gain in over 13 months
since March 23,2022, to 398.90 rupees
    ** Stock hits a near-four month high on Tuesday after
reporting a in March quarter profit more than quadruples Y/Y,
while revenue from ops nearly doubles  urn:newsml:reuters.com:*:nFWN3760CK    
    ** Real estate developer's stock is most active in 9 months
with trading volume of 276,617 shares as of 1:26 p.m. IST, 10
times the 30-day avg - Refinitiv data
    ** Relative strength index of GHFC is 75, suggesting the
stock may be overbought

    
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))