India's Brainbees Solutions jumps after Q2 loss narrows

Brainbees Solutions

18/11/2024 05:07

** Shares of Brainbees Solutions  BRAE.NS  jump as much as
7.9% to 560 rupees 
    ** Baby products retailer reported a narrower Q2 consol net
loss of 502.3 mln rupees (~$6 mln) from a loss of 1.01 bln
rupees a year ago
    ** Q2 rev grew 26.4% y/y and its biggest segment, India
multi-national, grew 18.8% y/y
    ** More than 1.5 mln shares traded as of 10:33 a.m. IST,
2.4x their 30-day moving avg
    ** BRAE was last up 3.7%, down ~20% since listing in August 


($1 = 84.3940 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))