India's Shriram Properties down after $53.6 mln tax penalty order

Shriram Properties

03/04/2024 08:42

** Shriram Properties'  SRIP.NS  shares fell as much as 2.4%
before trimming some losses; last down 1.4% to 119.95 rupees
    ** Real estate developer says it got tax penalty order of
4.47 bln rupees ($53.6 mln)
    ** Stock's trading volume 0.9X its 30 day moving avg - LSEG
    ** Stock down ~1.7% so far this year

 ($1 = 83.4250 Indian rupees)

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