India's Landmark Cars drops after Q3 profit fall

Landmark Cars

12/02/2024 07:08

** Shares of Landmark Cars  LANM.NS  down as much as 6.8% at
763.10 rupees, in sharpest intraday pct decline since June 16,
2023  
    ** Auto retailer posts 29.6% drop in Q3 consol net profit,
while rev up about 9.5%  
    ** Stock on track to lose for third consecutive session 
    ** About 200,000 shares changed hands by 12:32 p.m. IST,
1.6x the 30-day avg 
    ** So far this year, stock has fallen ~8% after a ~80% surge
in 2023 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))