India's Rane (Madras) slumps after reporting Q2 loss

Rane (Madras)

24/10/2024 09:40

** Shares of India's Rane (Madras)  RAMD.NS  drop 6% to 951
rupees 
    ** Co reported consol loss after tax of 7 mln rupees
($83,285.74) in Q2 vs yr ago profit
    ** Auto parts supplier's total rev fell 13.3% y/y 
    ** Trading vols 43,710 shares vs 30-day avg of 14,850 shares
    ** YTD stock had risen 16% 

($1 = 84.0480 Indian rupees)

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