India's Kabra Extrusion scales 7-month peak on deal with Hero Electric

Kabra Extrusion Technik

21/11/2022 06:13

** Shares of Kabra Extrusion Technik  KBRE.NS  rise as much
as 14.56% to 474.95 Indian rupees, their highest level since
April 19
    ** KBRE said its technologies division Battrixx inked a
partnership with Hero Electric to make lithium-ion batteries for
electric two wheelers, in an exchange filing
    ** The industrial machinery maker plans to supply 300,000
battery packs and chargers to Hero Electric in the next
financial year 
    ** More than 180,000 shares traded, 1.7x times their 30-day
moving avg 108,267
    ** Up to last close, stock down 12.23% YTD, against the
Nifty 500  .NIFTY500  index which rose 3.7%
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))