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523732 — Ecoboard Industries News Story

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Basic MaterialsSpeculativeMicro CapMomentum Trap

India's Ecoboard Industries up after bagging orders worth $3.6 mln

** Shares of Ecoboard Industries  ECOB.BO  up 10% to 34.8
rupees, highest since Jan. 19, 2023
    ** Laminated particle boards maker got new orders worth up
to 298 million rupees ($3.59 million)
    ** Shares mark steepest intraday climb since Aug. 23, 2023;
on track for 8th straight day of gains, if trend holds 
    ** More than 101,000 shares traded, 4.2x the 30-day avg
    ** Stock lost 27% last year, snapping three straight years
of gains


($1 = 83.0374 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))

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