JNK India hits upper circuit on HPCL order win
16/08/2024 07:46
** Shares of JNK India JNKI.NS rise 5% to 735 rupees,
hitting upper limit of exchange-allowed trading band
** Heating equipments maker said it secured an order
amounting between 500 mln rupees (~$6 mln) and 1.5 bln rupees
** Order from refiner Hindustan Petroleum Corp Ltd HPCL.NS
to set up new process plant
** Stock gains after falling for two consecutive sessions;
ended 4.8% lower on Wednesday
** JNKI has gained 18.4% since its listing on April 30, 2024
(Reporting by Vijay Malkar in Bengaluru)
((VijayDattaram.Malkar@thomsonreuters.com;))