India's Renaissance Global hits near 2-week high on Q3 revenue boost

Renaissance Global

03/01/2023 06:23

** Shares of Renaissance Global Ltd  RENA.NS  rise as much
as 5.2% to 103.50 rupees, highest since Dec 21
    ** Jewelry brand said on Tuesday that its Q3
direct-to-consumer business revenue is up 80% YoY to 882 mln
rupees
    ** Stock on track to close above its 50-day simple moving
average for the first time since Oct. 19, if gains hold
    **Nearly 94,200 shares change hands by 11:43 a.m. IST vs
30-day avg of ~117,800 shares
    ** Stock was down 49.1% last year 
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com; 9101861583;))