Indian hospital chain operator Shalby down 6% after Q1 profit falls

Shalby

08/07/2024 09:33

** Shares of Shalby  SHAY.NS  fall as much as 6% to 292
rupees, last down 4.2%
    ** Multi-specialty hospital chain operator reports 20.3% Y/Y
fall in Q1 consolidated net profit while rev from ops grew 18.4%
Y/Y
    ** Total expenses rose 24.7%, led by rise in operating
expenses
    ** Stock on track to snap three consecutive sessions of
gains, if trend holds
    ** Trading vol 6.6x 30-day daily avg
    ** Stock rose 11.6% in June quarter vs fall of 21% in March
quarter
    ** Stock down 1.7% YTD


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