India's Godawari Power and Ispat hits record high on Q4 profit rise

Godawari Power And Ispat

22/05/2024 08:42

** Shares of Godawari Power and Ispat  GDPI.NS  rise as much
as 3.1% to a record high of 962.8 rupees    
    ** Power co said on Tuesday its consolidated net profit rose
29.4% to 2.20 bln rupees ($26.4 mln)
    ** Rev from ops up 16% Y/Y
    ** More than 643,000 shares change hands, 1.1x its 30-day
avg
    ** GDPI trading above its 200-day simple moving avg since
late-Dec. 2022
    ** Stock up 7% so far in May



($1 = 83.2598 Indian rupees)

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