India's Imagicaaworld Entertainment climbs on debt write-off

Imagicaaworld Entertainment

14/06/2023 11:03

** Shares of Imagicaaworld Entertainment Ltd  IMAW.NS  rise
as much as 9% to 46.65 rupees, highest since May 12
    ** Theme parks company says it has completed writing off of
debt worth 5.72 bln rupees ($69.6 mln)
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~1.7 mln shares, 3.4x the 30-day avg of
~501,600 shares as of 3:15 p.m. IST 
    ** Including session's gains, stock up ~23% so far this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))