India's Himadri Speciality jumps to record on lithium-ion battery part plan

Himadri Speciality Chemical

06/12/2023 04:00

** Shares of Himadri Speciality Chemical  HIMD.NS  jump as
much as 5.6% to a record high of 307 rupees
    ** Co says to set up plant to make lithium-ion battery
components for an estimated project cost of 48 bln rupees 
($575.83 mln)
    ** The facility would have total annual production capacity
of 200,000 million tonnes - HIMD
    ** More than 1.3 mln shares traded so far, 0.8x their 30-day
avg
    ** HIMD has gained nearly three-fold YTD, after rising in
previous two years

($1 = 83.3575 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))