India's DOMS Industries falls as FILA cuts stake

Doms Industries

19/12/2024 04:54

** Shares of DOMS Industries  DOMS.NS  fall as much as 5.8% to
2,879 rupees 
** Stationery items manufacturer says Italian stationary maker
FILA will reduce its stake in co up to 26.01% from 30.58%
    ** FILA launches placement of up to 2.8 mln DOMS shares,
aimed at increasing free float and liquidity
    ** More than 3 mln shares traded, 25x their 30-day moving
avg and highest since listing on Dec. 20, 2023
    ** Avg rating on the stock is a 'buy'; median PT is 3,000
rupees - LSEG data
    ** DOMS last down 3.5%, cutting YTD gains to 135.6%

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