Asian Granito India up on incorporating tile-making JV in Nepal

Asian Granito India

11/10/2023 09:20

** Shares of Asian Granito India  ASGI.NS  climb 13.6% at
73.15 rupees, their highest since May 13, 2022
    ** Stock on track for biggest pct gain since April 19 if
trend holds
    ** Co says incorporated joint venture Nepovit Ceramic Pvt
Ltd for wall tiles manufacturing unit in Nepal
    ** Co in September said it entered into a JV agreement with
"various individuals of Nepal" without naming them
    ** More than 6.8 mln shares traded by 1:48 p.m. IST, 3.68x
30-day avg
    ** Stock up 13.43% as of 1:47 p.m. IST, taking YTD gains to
44%

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))