India's JSW Infra, Navkar Corp jump after deal

JSW Infrastructure

28/06/2024 05:09

** Shares of India's JSW Infrastructure  JSWN.NS  rise as
much as 5.4% to hit record 336 rupees, last up ~3%  
    ** Move after port operator via unit approved to buy 70.4%
stake of container depot operator Navkar Corporation  NAVR.NS  
    ** NAVR, which jumped 8.3% earlier in the day, last up 2.7%;
its trading vols ~5x its 30-day avg 
    ** Separately, JSWN said that it got contract from Southern
Railway for construction of cargo terminal 
    ** YTD JSWN up ~58%, NAVR up 12.3%   

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))