India's Kaveri Seed Co set for worst day in 3 years after Q2 loss

Kaveri Seed

13/11/2024 09:52

** Shares of Kaveri Seed Company Ltd  KVRI.NS  slide 7.3% to
824.65 rupees, set for worst session since August 2021, if
losses hold 
    ** KVRI swings to Q2 loss, its first in six quarters - LSEG
data
    ** Co's revenue drops 20% in Q2, while raw material costs
surge 76%
    ** Stock was down 4% before reporting results
    ** KVRI trims YTD gains to 35%


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))