India's International Conveyors rises after stake buy in Sheela Foam

International Conveyors

21/03/2024 04:29

** Shares of International Conveyors  ICON.NS  up 7.2% at
84.55 rupees, retreat from session's high of 8.7%  
    ** ICON bought stake in home furnishing co Sheela Foam
 SHEF.NS  for 31.4 mln rupees ($378,017)
    ** Stock has gained ~11% so far this week, on track to snap
five straight weekly losses 
    ** ICON stock has fallen 7% YTD 

   ($1 = 83.0650 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))