India's Imagicaaworld Entertainment up on order worth $16 mln

Imagicaaworld Entertainment

11/03/2024 06:55

** Shares of theme park developer Imagicaaworld
Entertainment  IMAW.NS  rise 4.9% to 84.50 rupees; last up 1.4%
    ** Co gets letter of allotment (LoA) from Sabarmati
Riverfront Development Corp to set up an entertainment hub with
investment worth 1.3 bln rupees (nearly $16 mln)
    ** Stock trading above its 50-, 100-, and 200-day moving
averages since early-Dec 2023
    ** More than 3.1 mln shares change hands, 0.6x the 30-day
avg
    ** In last 12 months, stock has risen 61.4%; YTD, it is up
38% so far


($1 = 82.6850 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))