India's Godawari Power and Ispat jumps; co to consider share split

Godawari Power And Ispat

08/09/2021 07:51

** Shares of the iron ore pellets and sponge iron maker
 GDPI.NS  climb as much as 5% to 1,097.55 rupees - their biggest
pct gain in less than two weeks
    ** Stock gains after three straight sessions of losses 
    ** Says GDPI board will consider next week proposal for
split of co's shares of 10 rupees each and issue of bonus shares
    ** In the meeting, board will re-consider scheme of
arrangement of co with Jagdamba Power and Alloys Ltd - GDPI says
    ** More than 122,000 shares traded by 0630 GMT, 1.3 times
their 30-day avg of 96,791 shares
    ** GDPI has risen over two fold so far this year, as of last
close vs 75.39% gain in the Nifty Metal index  .NIFTYMET 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))