India's Suprajit Engineering rises on JV with Japan's Chuo Spring
27/11/2024 08:54
** Shares of Suprajit Engineering SUPE.NS rise as much as
5% to 472.95 rupees, last up 1.8%
** Automotive cable and halogen bulb maker signs memorandum
of understanding with Japan's Chuo Spring Co 5992.T to form a
50:50 joint venture in India for transmission cables
** Joint venture will get access to Chuo Spring's Japanese
transmission cable technology under technical assistance
agreement
** Trading vols at 306,205, 1.4x 30-day average
** SUPE up ~13% YTD
(Reporting by Vijay Malkar)
((VijayDattaram.Malkar@thomsonreuters.com;))