Shares of Goodluck India Ltd tumbled nearly 10% in Monday’s trade, making it one of the top losers on the NSE. The stock slipped to ₹1,148.40, down 9.22% (₹116.70) from its previous close of ₹1,265.10, dragging its market capitalization to ₹37.85 billion.
Downgraded growth guidance
The sharp decline came after the company revised its topline growth guidance. Goodluck India said it was earlier expecting 20% revenue growth, but now projects only 12% growth, citing uncertainties in the business environment.
Stock performance
At the time of writing, the stock traded within the day’s range of ₹1,117.00 – ₹1,292.00, with an average trading volume of nearly 216,000 shares. Goodluck India’s P/E ratio stands at 21.85, with a dividend yield of 0.35%.
The company’s revised outlook has weighed heavily on investor sentiment, leading to a steep correction in share price.
