India's GHCL Textiles surges after investment deal with Tamil Nadu govt

Ghcl Textiles

10/01/2024 07:57

** Shares of GHCL Textiles  GHCT.NS  up 12.8% at 82.9
rupees, highest since Oct. 20
    ** Yarn maker enters MoU with Guidance, the investment nodal
agency of Tamil Nadu govt, to plough up to 5.35 billion rupees
($64.4 million) over four years
    ** More than 3.1 mln shares traded, 8.9x the 30-day avg
    ** Stock, which debuted in June, is up ~15% from its listing
price

($1 = 83.0590 Indian rupees)

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