India's RR Kabel extends losses; set for worst week since listing

R R Kabel

25/10/2024 07:29

** Shares of India's RR Kabel  RRKA.NS  drop 3% to 1,550 rupees,
extend declines to seventh straight session 
    ** Stock set to log worst week since its late-2023 listing,
if losses hold 
** Co, which makes cables and wires, reported a drop in Q2
profit on higher material costs 
    ** RRKA, on an avg, rated "buy", median TP 2,035 rupees -
LSEG data 
    ** YTD stock has shed ~2% 

(Reporting by Hritam Mukherjee in Bengaluru)
((mailto:Hritam.Mukherjee@thomsonreuters.com;))