India's Gopal Snacks rises on setting up new processing facility in Gujarat

Gopal Snacks

09/10/2024 10:31

** Shares of Gopal Snacks  GOPA.NS  rise as much as 2.9% to
420 rupees    
    ** GOPA announced establishment of raw material processing
unit in Rajkot, Gujarat
    ** Says remaining construction is anticipated to be
completed within next six months, with full-scale operations
expected to begin in first half of FY2026 
    ** Says facility will process essential raw materials,
including peanuts and various pulses
    ** Since listing in March, the stock has risen ~18%




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