India's Gujarat Industries down after Sept-qtr profit falls

Gujarat Industries Power

21/10/2022 09:24

** Shares of Gujarat Industries Power Co Ltd  GJIP.NS  fall
as much as 5.4% to 82.6 rupees on lower Sept-qtr profit 
    ** Stock marks sharpest intraday pct loss since June 20
    ** Stock slumps to lowest level since Aug 1, on track for a
second consecutive session of losses 
    ** GJIP on Thursday reported a 50% Y/Y fall in profit to
266.3 mln rupees ($3.22 mln)  urn:newsml:reuters.com:*:nFWN31L21V
    ** Revenue from ops fell 21.7% Y/Y to 2.52 bln rupees
    ** More than 275,000 shares change hands vs 30-day avg of
221,184 shares
    ** As of last close, GJIP stock up 5.8% YTD 
    ($1 = 82.7100 Indian rupees)
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))