India's Relaxo Footwears surges 7% as Q2 profit nearly doubles

Relaxo Footwears

01/11/2023 09:53

** Shares of Relaxo Footwears  RLXO.NS  rise as much as 6.8%
to 959 rupees, biggest intra-day pct gain since Sept. 13, 2022
    ** Co reported Q2 profit that nearly doubled to 441.9
million rupees ($5.31 million), while revenue rose 7% 
    ** About 566,000 shares change hands, 7x 30-day avg
    ** RLXO last up 3.5%; including session's moves, stock up 3%
YTD
    

($1 = 83.2430 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))