Goodluck India hits record high on defence order win
Yesterday 07:31
BUZZ-Goodluck India hits record high on defence order win ** Specialty steel products manufacturer Goodluck India's shares GLST.NS rise as much as 6.51% to a record high of 1516 rupees apiece
** Rise after company's unit Goodluck Defence and Aerospace secures order worth 2.55 bln rupees ($26.99 mln) for supply of 155 mm long-range empty shells to a domestic entity, whose name is not disclosed
** Order to be executed within 10 months, implying near-term earnings gains
** Trading volume is 608,963 shares as of 11:53 a.m. IST, thrice the 30-day average
** GLST shares up 38.7% YTD, according to exchange data; Nifty down 7.6% YTD
($1 = 94.4850 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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