India's H.G. Infra hits nearly 6-month low on Q2 profit fall

HG Infra Engineering

12/11/2024 04:34

** H.G. Infra Engineering  HGIN.NS  falls as much as 7.9% to
1,181.30 rupees, lowest since May 13
    ** Stock logs sharpest intraday pct loss since June 4
    ** Co reports 16% y/y fall in Q2 consol net profit; rev from
ops down 5.5%
    ** Trading volume 1.6x the 30-day avg
    ** Stock rated "strong buy" on avg; median PT is 1,784
rupees - LSEG
    ** HGIN last down 6%, cutting YTD gains to ~42%

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))