India's ISMT gains on order from state-run ONGC

ISMT

15/04/2024 05:01

** Shares of ISMT  ISMT.NS  rise 3% to 99.2 rupees
    ** Engineering steel products maker said on Friday it
received order worth 3.44 bln rupees ($41.2 mln) from ONGC
 ONGC.NS  for supply of regular casing pipes
    ** Shares of state-run ONGC up 1.8%
    ** ISMT trading above its 200-day simple moving avg since
March 28
    ** Stock up ~16% so far in March


($1 = 83.4260 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))