India's Kabra Extrusion Technik climbs on acquiring Kolsite Energy

Kabra Extrusion Technik

09/03/2023 06:20

** Shares of Kabra Extrusion Technik  KBRE.NS  rise as much
as 5.12% to 595 rupees, marking sharpest intraday pct gain since
Feb. 24
    ** Co says acquired 100% stake in Kolsite Energy
 urn:newsml:reuters.com:*:nFWN35G3IO
    ** Kolsite to be used as a special purpose vehicle to set up
new manufacturing plant for lithium-ion battery packs
    ** More than 164,000 shares traded by 11:33 a.m. IST, 0.6x
the 30-day avg
    ** Stock trading above 50-day, 100-day and 200-day simple
moving averages
    ** Stock up 16% this year as of last close, extending 3.24%
gain in 2022

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))