India's GHCL up on signing two agreements in Gujarat

GHCL

12/01/2024 08:30

** Shares of chemical commodity maker GHCL  GHCH.NS  up 2.8%
at 613.50 rupees, after rising to a 3-month high of 629 rupees
    ** Co says it signed two agreements worth 34.5 bln rupees
($416.4 mln) in Gujarat
    ** MoU in Kutch for second phase expansion of Greenfield
soda ash plant and to set up vacuum salt plant
    ** Mou in Bhavnagar for mining of bentonite and sand
    ** Trading volumes at more than 2x the 30-day avg
    ** Stock above 200-day avg since mid-November, and above 50-
and 100-day avgs since start of 2024
    ** Stock gained over 21% last year, marking four consecutive
yearly gains

($1 = 82.8630 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))