India's EIH climbs on approving luxury resort construction

EIH

01/04/2024 05:00

** Shares of hotel chain manager EIH  EIHO.NS  up 6.5% to
478.9 rupees in early trading
    ** Co says it approved the construction of Oberoi Luxury
Resort in Goa with investment of 4.21 bln rupees ($50.5 mln) and
entered agreement for second project in the state
    ** Stock above 50-, 100 and 200-day avgs since late-December
    ** Stock set for third-best day this year so far
    ** In last 12 months, stock up over 180%

($1 = 83.3110 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))