India's 20 Microns hits record high after approving investment in Malaysia unit

20 Microns

27/06/2024 07:21

** Shares of 20 Microns  MICR.NS  rise as much as 5.7% to a
record high of 234.9 rupees, before trimming gains to last trade
3.3% higher
    ** White minerals maker approved to make investment of up to
about 212.8 million rupees ($2.55 million) in its unit 20
Microns SDN BHD, Malaysia
    ** Unit will utilize funds for acquiring entities in
Malaysia
    ** MICR trading above key 50-, 100-, 200- day moving avgs
    ** Stock up 29.3% YTD, continuing four straight years of
gains

($1 = 83.4950 Indian rupees)

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