India's Gokul Agro Resources rises on acquiring refinery assets

Gokul Agro Resources

31/12/2024 06:45

** Shares of edible oil maker Gokul Agro Resources  GOKG.NS 
rise as much as 7% to 348.95 rupees
    ** Co acquires fixed assets of edible oil refinery at
Mangalore from Sri Anagha Refineries for 1.06 bln rupees ($12.4
mln)
    ** Says acquisition to boost capacity by 100 tons per day
(TPD); co's existing capacity is 5,550 TPD
    ** Acquisition to increase market presence in southern
India, co says
    ** Stock on track to gain for ninth straight month; gained
1.4% so far this month
    ** Including session's gains, stock has risen 180% YTD

($1 = 85.5790 Indian rupees)

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