India's GNA Axles down after fall in Sept-qtr profit

Gna Axles

27/10/2023 10:38

** Shares of GNA Axles  GNAA.NS  down as much as 6% to 402.5
 rupees
    ** Stock sees biggest intraday pct loss since March 13;
touches lowest level since June 30
    ** GNAA on Friday reported a 17.3% fall in profit at 276 mln
rupees ($3.32 million)
    ** Rev from ops fell nearly 4% to 4.04 billion rupees
    ** More than 201,000 shares change hands as of 3:03 p.m.
IST, vs 2.1x the 30-day average
    ** Stock last down 3.2%, trimming YTD gains to ~24%

($1 = 83.2070 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))