India's GRM Overseas rises after pact to expand presence in Georgia

GRM Overseas

08/07/2024 09:53

** Shares of GRM Overseas Ltd  GRMO.NS  rise as much as 7.8%
to 210 rupees, hitting highest since Dec. 15, 2023
    ** Basmati rice exporter says, it has partnered with
Diplomat and is set to expand its presence in Georgia
    ** Adds, Diplomat Georgia will be the exclusive distributor
of GRM Overseas products in Georgia
    ** Stock set to gain after a day of loss
    ** More than 788,000 shares traded as of 2:22 p.m. IST, 2.7x
their 30-day moving avg
    ** GRMO last up 5.7%, adding to YTD gains of 8.8%

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