India's JTL Industries rises on capacity expansion

JTL Industries

02/01/2023 07:12

** JTL Industries shares  JTLI.NS  up ~2% at 316.65 rupees
    ** The galvanized steel tubes and pipes maker expands
capacity by 100,000 metric tonnes per annum (MTPA) at Punjab
plant  urn:newsml:reuters.com:*:nFWN33K0RF
    ** Says part of expanded capacity ready for commercial
production from Jan. 1, with rest to be commercialized next qtr
    ** Co shares trading above their 50-, 100- and 200-day
moving averages, indicating bullish bias
    ** Stock rose ~47% in 2022
 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com; +91 9830427878))