India's Renaissance Global slides on Q4 profit fall

Renaissance Global

30/05/2024 09:43

** Shares of Renaissance Global  RENA.NS  fall as much as 7%
before trimming losses to trade 2.7% lower at 99 rupees
    ** The jewelry manufacturer reported 3% y/y fall in
March-qtr profit to 196.9 mln rupees ($2.4 mln), rev fell 7.4%
    ** RENA set to fall for a seven straight session
    ** Shares of co fell in the last three quarter, losing 10%
during the period
    ** Stock trading below its 50-day, 100-day, and 200-day
SMAs, indicating bearish sentiment
    ** Trading vol is 3.3x the 30-day daily avg, highest since
April 2
    ** Stock down ~4% YTD, after gaining 5% in 2023





($1 = 83.3638 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))