Huhtamaki India rises after land deed execution

Huhtamaki Oyj

01/01/2024 05:00

** Shares of packaging and labelling co Huhtamaki India Ltd
 HUHT.NS  rise as much as 3.1% to 295.90 rupees
    ** Stock on track to gain for 4th straight session, if trend
holds
    ** Co on Friday said it has executed a deed of assignment in
favour of FSPL Specialities for a land parcel in the state of
Maharashtra for 300 mln rupees ($3.61 million)
    ** Stock trading above its 200-day simple moving avg since
April 11, 2023
    ** More than 43,000 shares traded already as of 10:21 a.m.
IST; over 50,000 shares traded in last session
    ** Stock last up 2.1%; HUHT gained 43.9% in 2023 after two
years of losses


($1 = 83.1675 Indian rupees)

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