India's Hindustan Foods up on buying sports shoe making unit

Hindustan Foods

29/12/2023 08:18

** Shares of Hindustan Foods  HFDS.NS  rise as much as 2.7%
to 565 rupees before paring gains
    ** The fast-moving consumer goods (FMCG) manufacturer said
it has acquired a sports shoe manufacturing unit situated in
Kundli, Haryana for about 307.2 mln rupees ($3.70 million)  
    ** More than 77,000 shares change hands by 1:33 p.m. IST,
1.2x of 30-day avg
    ** Stock up 5.1%, on track for best month since July
    ** Stock last up 1.9%, cutting YTD losses to 8.2%
    
    
($1 = 83.1160 Indian rupees)

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