India's Kajaria Ceramics heads for worst week in 14 months after 200 million-rupee fraud

Kajaria Ceramics

26/12/2025 08:53

** Shares of Kajaria Ceramics KAJR.NS drop 0.5%, extending weekly decline to 8%

** KAJR set for worst week since late October 2024

** Stock down for eighth consecutive session, dropping ~12% in that period

** Co disclosed a fraud to the tune of 200 million rupees  ($2.23 million) at its unit last Friday; later told analysts that it can only recover about 50% of that amount

** However, analysts tracking KAJR rate it "buy" on average - data compiled by LSEG

** Stock down 16% for the year

($1 = 89.7750 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))