India's Godawari Power and Ispat rises after power plant resumes operations

Godawari Power And Ispat

10/04/2024 06:01

** Shares of Godawari Power and Ispat Ltd  GDPI.NS  rise as
much as 7.4% to 813.50 rupees, their highest since Feb. 19
    ** Power co said on Tuesday its unit's power plant in
Chhattisgarh state, where fire had occurred in August last year,
resumed its operations with full capacity on April 8
    ** Stock on track to gain for second consecutive session
    ** Stock trading above its 200-day simple moving avg since
Dec 2022
    ** More than 1 mln shares traded as of 10:23 a.m. IST, 2.5x
the 30-day moving avg; busiest day yet since March 27
    ** GDPI last up 6.9%, adding to YTD gains of ~6.7%; stock on
track to gain for fifth straight year

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))