India's Goodyear falls on Q4 loss

MRF

28/05/2024 08:02

** Shares of Goodyear India  GDYR.BO  down 5.5% to 1,143.5
rupees, its steepest one-day pct fall since early-Feb
    ** Tires and tubes maker posted Q4 loss of 42.1 million
rupees ($506,329) vs profit of 336.1 mln rupees yr ago
    ** Co's total expenses came in at 5.6 bln rupees, down 8%
Y/Y; rev, however, fell 15.6% to 5.54 bln rupees
    ** More than 18,000 shares traded, ~3x its 30-day avg
    ** Stock down 6.44% in last 12 months, compared to a ~50%
and 72.6% rise in MRF  MRF.NS  and CEAT  CEAT.NS 


($1 = 83.1475 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))