India's Motisons Jewellers jumps on higher Q2 profit

Motisons Jewellers

30/10/2024 07:38

** Shares of Motisons Jewellers  MOTN.NS  rise 3.1% to
293.40 rupees
    ** Jewelry retailer's Sept-qtr profit after tax more than
doubles to 104 mln rupees ($1.2 mln), rev from ops up 21%
    ** Still, MOTN down ~6% so far in Oct; set for worst month
since July
    ** Stock has jumped nearly 3x YTD

($1 = 84.0780 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))