India's Heranba Industries up as unit buys 31.5% stake in Daikaffil Chemicals

Daikaffil Chemicals India

11/01/2024 04:52

** Shares of Heranba Industries  HERN.NS  rise as much as
3.2% to 414.25 rupees
    ** Agrochemicals maker's unit Mikusu India acquires 31.5%
equity, voting share capital of Daikaffil Chemicals India via
open offer
    ** Stock trading above its 50-, 100-, and 200-day moving
averages since late Dec 2023
    ** HERN last up 1.3%, snapping 3-day losing streak
    ** Stock lost about 20% in 2023, marking second straight
year of loss


 (Reporting by Dimpal Gulwani)
 ((dimpal.gulwani@thomsonreuters.com))