India's Axita Cotton up on order win

Axita Cotton

23/11/2023 08:18

** Shares of Axita Cotton  AXIA.NS  rise as much as 4.8% to
29.8 rupees
    ** The textile co on Wednesday said it secured new sales
order worth 892.2 mln rupees ($10.72 million) for supply of
cotton bales 
    ** Stock set to rise for a fifth straight session after co
on Nov. 16 said it will consider bonus issue of shares on Nov.
23
    ** Trading vol is 3.3x the 30-day daily avg, tops 3 mln for
the third straight session
    ** AXIA up 3.5% as of 13:42 p.m. IST, trimming YTD losses to
~41%



($1 = 83.2440 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))