India's GP Petroleums rises on distribution tie up in Bangladesh

GP Petroleums

19/02/2024 05:45

** Shares of GP Petroleums  GPPE.NS  up 5.7% at 74.25 rupees 
    ** Petroleum products and lubricants manufacturer on
Saturday said it has entered into a distributorship agreement
with Noor Trading in Bangladesh, to distribute 'REPSOL' products
in the country
    ** Stock has been trading above its 200-day moving avg since
August
    ** GPPE on track for a third consecutive session of gains,
if trends hold 
    ** Stock up 35% YTD, after gaining 28% in 2023
    
    

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))