India's IndoStar Capital hits lower circuit as quarterly profit drops

IndoStar Capital Finance

25/01/2024 07:00

** Shares of IndoStar Capital Finance  INAC.NS  down 5% at
207.15 rupees, hits lower circuit
    ** Non-banking finance co's Dec-qtr profit after tax fell
54% YoY
    ** Earlier in the week, IndoStar had rallied to its highest
since May 2022 after saying it would consider a fundraise
    ** Stock fell 5% four times in 2023
    ** Rival PNB Housing Finance  PNBH.NS  also drops after
reporting a fall in interest income

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