India's GPT Infraprojects drops after Income Tax dept search

GPT Infraprojects

18/03/2024 07:08

** Shares of construction co GPT Infraprojects  GPTI.NS 
down 9.3% at 147.90 rupees 
    ** Co said on Sunday Income Tax department conducted search
operations at co's locations between March 14 and March 17 
    ** Authorities found no unaccounted cash, search team did
not seize anything incriminating, added co
    ** Trading vols at 1.6x of 30-day avg 
    ** YTD stock has fallen over 10% after a 203% surge in 2023 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))