Ion Exchange India hits record high on contract win from Indian Oil

Ion Exchange (India)

05/12/2022 04:59

** Shares of water treatment solutions provider Ion Exchange
India Ltd  IONX.NS  rise as much as 4.9% to hit a record
2,928.95 rupees
    ** Co said on Friday that it received a 3.43 billion rupees
($42.16 million) contract from Indian Oil Corporation  IOC.NS 
to manufacture a zero liquid discharge plant at Panipat refinery
    ** Stock posts its biggest intraday pct gain since Nov. 16
    ** More than 41,000 shares change hands by 9:59 a.m. IST,
1.2x 30-day avg of 33,346 shares
    ** Shares up 47.9% from their opening price in Feb. NSE
debut, as of last close
($1 = 81.3600 Indian rupees)
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))