Indian Card Clothing Co jumps on $10.9 mln property deal

Indian Card Clothing

06/05/2024 10:08

** Shares of Indian Card Clothing Co  IDIC.NS  rise as much as
14.7% before trimming some gains, last up 6.3% to 287.7 rupees -
their highest since early Feb. 
    ** The industrial equipments and realty firm said it will
sell commercial buildings to education facilities firm Faridabad
Management for minimum 910 mln rupees ($10.9 mln)
    ** Stock eyes busiest trading day since Jan. 15, volumes at
20.3x the 30-day avg 
    ** Including session's gains, stock up ~8% so far this year 

($1 = 83.4700 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))