J Kumar shares jump 5% after Q2 results
In short
J Kumar shares rose 5% after its Q2 update. The stock is still down 22% this year and 35% over two years.
The move stood out against the wider selloff. Investors were reacting to the quarterly numbers and the stock's recent weakness.
What the reporting says
J Kumar's shares rose 5% after its Q2 update, even as the stock had already fallen 22% year to date and 35% over two years. Business Standard's market note said the stock defied the broader selloff after the quarterly results.
Why it matters
J Kumar shares moved up 5% after the company’s Q2 results, according to the market note. The same note said the stock remains down 22% year to date and 35% over two years.