India's Rajratan Global Wire falls to six-month low as Q2 operating margin contracts

Rajratan Global Wire

Thu 08:46

** India's Rajratan Global Wire RAJR.NS slides 10.3% to 385.1 rupees, lowest since April 13
** Co's Q2 EBITDA margin contracts to 12.4% from 13.6% a year ago, according to LSEG data
** Co on Wednesday reported higher revenue and profit y-o-y for July-September
** More than 400,000 shares change hands, ~4x of 30-day average daily volume
** Stock rated "buy" on average by 5 brokerage firms, median PT at 590.5 rupees, per data compiled by LSEG
** YTD, RAJR down 16.3%

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))