India's IKIO Lighting rises on signing supply agreement with METCO Engineering

IKIO Technologies

06/12/2024 08:03

** Shares of IKIO Lighting  IKIO.NS  rise as much as 3.4% to
281 rupees; last up 2%
    ** Co says its unit has entered into MoU with U.S.-based
METCO Engineering for supply of energy-saving products including
solar panels and LED lighting 
    ** Adds, METCO to provide business worth $8 mln in next 6
months 
    ** IKIO on track for eighth consecutive session of gains
    ** More than 138,000 shares change hands, 1.4x of 30-day avg
    ** Stock up 4.4% so far this week, on track for third
straight weekly gain
    ** Stock down 12.7% YTD



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