India's GTPL Hathway down on Q1 profit drop

GTPL Hathway

12/07/2024 08:58

** Shares of GTPL Hathway  GTPH.NS  down 2.2% to 168.54
rupees
    ** Broadcaster says Q1 profit fell 60.2% YoY
    ** Stock on track to fall for seventh straight session
    ** Nifty Media index  .NIFTYMED  up 2.4% on boost from
heavyweight Zee Entertainment Enterprises  ZEE.NS 
    ** GTPH not on the index but its largest shareholder Hathway
Cable And Datacom  HAWY.NS  has the smallest weightage on the
index
    ** HAWY down 0.1% on the day
    ** GTPH's ~10% drop YTD better than media index's ~13%
decline; HAWY up ~9% from last year

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))