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Rolex Rings shares hit 52-week high on Q2 profit jump
Positive+94
GreyOak summary
Rolex Rings shares rose 4% to a 52-week high of ₹216.55 following a 67.5% jump in Q2 net profit to ₹74 crore. Revenue grew 43% year-on-year to ₹389 crore, aided by an ₹18 crore customs-duty refund. Brokerage InCred initiated a Buy rating with a target of ₹251, citing recovering US and European auto demand.
What it affects
- Rolex RingsROLEXRINGSPositive +94
Shares hit 52-week high on strong Q2 results.Rolling sentiment Positive +61
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