Drugmaker Granules India falls after Q4 revenue slides

Granules India

15/05/2024 09:51

** Shares of drugmaker Granules India  GRAN.NS  fall as much
as 2.6% after quarterly results
    ** Stock trimmed some losses to trade 0.8% lower at 396.3
rupees
    ** Co said its March-qtr consol rev from ops fell 1.6% to
11.76 bln rupees ($140.9 mln)
    ** Shares on track to fall for third straight month, after
losing 9% in the previous two months
    ** Trading vol 4.2x the 30-day daily avg, busiest since Feb.
19
    ** Stock down 2.1% so far in 2024, one of two YTD losers in
Nifty Pharma  .NIPHARM  index





($1 = 83.4770 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))