India's Foods and Inns climbs on first tranche of govt initiatives

Foods And Inns

14/07/2023 06:06

** Shares of India's Foods and Inns  FDSI.NS  rise as much
as 3.49% at 194.4 rupees 
    ** Co said on Thursday it has received first tranche of
incentives from Indian government under PLI scheme for FY
2021-22
    ** Incentives amount to 97.1 mln rupees ($1.18 mln), FDSI
says 
    ** Co shares trading above 50-day, 100-day and 200-day
simple moving averages, indicating bullish trend 
    ** YTD stock up 62%, as of last close  

    ($1 = 82.0500 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))