India's Relaxo Footwears drops after downbeat Q1 results
01/08/2024 07:42
** Shares of Relaxo Footwears RLXO.NS fall 2% to 850.80
rupees
** Footwear retailer's Q1 profit fell 2.3%; rev from ops
grew 1.3%
** Mean rating of 12 analysts is "hold"; median PT is 810
rupees - LSEG data
** Stock loses ~6% YTD, set for third straight annual
decline
(Reporting by Kashish Tandon in Bengaluru)
((kashish.tandon@thomsonreuters.com))