India's Oriental Hotels falls after Q2 profit drop

Oriental Hotels

16/10/2023 08:49

** Shares of Oriental Hotels  ORHT.NS  fall as much as 3.1%
to 101.40 rupees 
    ** Hotelier posts ~29% YoY in Sept-qtr consol profit; rev
from ops up 2.5% YoY
    ** ORHT on track to fall for second straight session, if
gains hold
    ** About 1.4 mln shares change hands as of 01:03 p.m. IST,
1.1x the 30-day moving average
    ** Including day's move, stock down ~40% YTD
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))