India's Jiwanram Sheoduttrai Industries hits upper circuit on executing order

Jiwanram Sheoduttrai Industries

16/09/2024 11:10

** Shares of Jiwanram Sheoduttrai Industries  JIWA.NS  rise
20% to hit upper circuit of 17.1 rupees
    ** Stock set for best one-day rise since listing on Sept.
18, 2023
    ** Gloves and garments maker says it executed large order of
supplying denims to e-commerce company Myntra
    ** It did not disclose financial details of the order, but
said it expects further purchase orders from the company
    ** Stock was up around 2% ahead of the news
    ** Stock moves above its 50-day, 100-day, and 200-day moving
averages
    ** Trading vol is 11.7x the 30-day daily avg, and highest
since early-January
    ** Stock trims losses since listing to 43%

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))