Ion Exchange India climbs on $14.5 mln order win

Ion Exchange (India)

12/03/2024 08:59

** Shares of Ion Exchange (India)  IONX.NS  rise 4.3% to
467.90 rupees; last up 2.5%
    ** Co gets contract worth 1.2 bln rupees ($14.5 mln) from
Saudi Arabia-based mining co Maaden to set up a water treatment
plant, including demineralization plant
    ** Stock set to snap three day-losing streak
    ** More than 384,000 shares change hands, 1.6x the 30-day
avg
    ** Stock down 18% so far this year, but has risen 44% in
last 12 months
    
($1 = 82.7291 Indian rupees)

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