India's Godrej Industries extends rally to record high on Gujarat deal

Godrej Industries

08/01/2024 06:36

** Shares of Godrej Industries  GODI.NS  rise as much as
6.8% to hit a new record high at 898 rupees    
    ** GODI said on Friday it may plan to invest 6 bln rupees
($72.23 mln) over the next four years on expansion in plant at
Valia as part of deal signed with Gujarat government 
    ** GODI has hit record highs in six out of the last seven
sessions, including Monday    
    ** Trading vol 2.3x the 30-day daily avg
    ** Stock rose 30.7% in Dec qtr, its best quarterly
performance since June 2020


($1 = 83.0680 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))