India's Ice Make Refrigeration hits upper circuit on new investment plans

Ice Make Refrigeration

23/09/2022 08:24

** Shares of refrigeration products maker Ice Make
Refrigeration Ltd  ICEM.NS  rise as much as 4.98% to hit upper
circuit at 230.8 rupees
    ** Stock posts its biggest intraday pct gain since Sept. 19
    ** Co to invest up to 500 million Indian rupees ($6.18
million) in business expansion plans  urn:newsml:reuters.com:*:nFWN30U18H
    ** Co plans capex of around 450-500 million rupees in a
greenfield project [https://bityl.co/Ef7N
]
    ** 42,387 shares change hands by 0707 GMT vs 30-day avg of
83,123 shares
    ** Stock up 205.35% YTD up to last close
($1 = 80.9430 Indian rupees)
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com;))