India's Sky Gold hits upper circuit after Q1 profit doubles

Sky Gold and Diamonds

12/08/2024 05:26

** Shares of Sky Gold  SKYG.NS  up 5% at 2,347 rupees
    ** Stock hits upper limit of exchange-mandated trading band,
after hitting this limit 29 other times in 2024
    ** Jewellery maker's Q1 consol net profit surges 98.9%; rev
up 92.5%
    ** Stock up 130% YTD, vs a 52% and 27% surge in shares of
peers Kalyan Jewellers  KALN.NS  and Tribhovandas Bhimji Zaveri
 TBZL.NS  

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))