India's Rajesh Exports hits 8-yr low as Q2 profit slumps

Rajesh Exports

15/11/2023 09:05

** Shares of Rajesh Exports Ltd  REXP.NS  fall as much as
8.4% to 402 rupees, hitting lowest since Sept. 2015         
    ** Jewellery maker's Q2 consolidated net profit after tax
fell around 88% to 453.1 mln rupees ($5.45 mln)      
    ** Net sales more than halved to 380.66 bln rupees
    ** REXP marks sharpest intraday pct fall in over 5-months
    ** More than 2.9 mln shares traded by 2:25 p.m. IST, 1.6x
the 30-day avg
    ** Stock last down 8%, taking YTD slide to ~45% 


($1 = 83.1499 Indian rupees)

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))