India's G R Infraprojects falls on Q1 profit slump

HG Infra Engineering

02/08/2024 06:57

** Shares of G R Infraprojects  GINF.NS  fall 4.8% to 1,686
rupees, set for worst day in nearly two months
    ** Engineering and construction co posts a 50% fall in
June-quarter consol net profit while rev from ops drops 18%
    ** Avg rating of nine analysts covering the stock at "hold";
median PT is 1,584.50 rupees
    ** Stock up ~47% YTD vs a ~40% and ~87% jump in rivals PNC
Infratech  PNCI.NS  and HG Infra Engineering  HGIN.NS ,
respectively

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))