India's Sparc Electrex rises on negotiations with Hyundai Corp Holdings

Hyundai Holdings Co

21/06/2023 06:17

** Shares of Sparc Electrex  SPAT.BO  rise as much as 5% to
23.32 rupees, post steepest intraday climb since May 9
    ** Co on Tuesday said that it is negotiating with Korea's
Hyundai Corporation Holdings Co  227840.KS  
    ** Negotiations for an exclusive license agreement for SPAT
to use "HYUNDAI" trademark for developing, manufacturing and
selling power tools and accessories in India - co
    ** Stock trading above 50-day and 100-day simple moving
averages
    ** Stock up 29% YTD, including session's gains

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))