India's GTPL Hathway falls most in almost 4-months on qtrly loss

GTPL Hathway

17/04/2023 06:03

** Shares of GTPL Hathway Ltd  GTPH.NS  fall as much as 9.5%
to 101.9 rupees after posting March-qtr loss
    ** Stock posts biggest intraday pct loss since Dec. 23, 2022
    ** Co reports net loss of 117.5 mln rupees ($1.43 mln) for
the qtr, vs a profit of 544.7 mln rupees year ago
    ** Stock has been trading below its 50-day, 100-day, 200-day
simple moving averages since Ocrt indicating bearish sentiment
    ** GTPH trading below its moving average convergence
divergence line since Sept
    ** More than 193,000 shares change hands by 10:30 a.m. IST
vs about 2x the 30-day avg
    ** Stock down 19.3% YTD up to last close
 
 ($1 = 81.9450 Indian rupees)

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