India's Rajratan Global surges, sees busiest day on record after Q4 results

Rajratan Global Wire

23/04/2025 08:10

** Rajratan Global Wire RAJR.NS surges 42% in two sessions since posting Q4 earnings late on Monday to three-month high of 462.75 rupees

** Co's Q4 profit falls 25% y/y, but grows 63.3% q/q

** RAJR sees higher sales volume and exports, better amortization of fixed costs and increased capacity utilization of new Chennai plant in Q1

** Stock sees most active session on record, with ~1.8 mln shares traded - ~28x the six-month avg daily volume

** Investec says, "Right execution on Chennai expansion, coupled with effective export strategy from Thailand (to de-risk Chinese imports) would aid co's operating/return ratio trajectory"

** RAJR trims YTD losses to 4.2% with up to 19% gains on the day

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))