India's IFB Industries rises 5.5% after bulk deal

IFB Industries

07/06/2023 05:16

** Shares of IFB Industries Ltd  IFBI.NS  rise as much as
5.5% to 847.30 rupees, their biggest intraday pct gain since May
5
    ** On Tuesday, France-based global financial services o
Societe Generale bought 300,000 shares of IFBI in bulk at 800
rupees per share, as per stock exchange data
    ** About 118,943 shares change hands by 9:38 a.m. IST, 1.8x
the 30-day avg - Refinitiv Data
    ** If trends hold, stock on track to advance for second
consecutive session
    ** Stock down ~11% YTD as of last close


 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))