India's Centum Electronics jumps after order win

Centum Electronics

02/09/2024 08:39

** Shares of Centum Electronics Ltd  CENT.NS  rise as much
as 4.8% to 1,786 rupees 
    ** Electronic products maker got order from Defense Research
and Development Organisation (DRDO) on Friday for about 1.10 bln
rupees ($13.11 million)
    ** Stock on track to gain for 4th straight day
    ** More than 35,000 shares traded as of 1:06 p.m. IST, 1.9x
their 30-day moving avg
    ** CENT last up 1.7%, adding to YTD gains of 28.5% so far


($1 = 83.8825 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))