India's Thangamayil Jewellery slips after posting loss in Q2

Thangamayil Jewellery

06/11/2024 08:30

** Shares of Thangamayil Jewellery  THNG.NS  fall 5% to
2,138 rupees, eyes worst day in 2 months
    ** The jeweller posted a Q2 loss of 174.4 mln rupees ($2.1
mln) vs a profit of 83.9 mln rupees an year ago
    ** Co hurt by surge in expenses, which outpaced sales growth
    ** More than 160,000 shares trade hands, 1.8x its 30-day avg
    ** Stock up 53% so far this year

($1 = 84.2475 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))