India's Kabra Extrusion Technik hits record high on large order win

Kabra Extrusion Technik

24/08/2021 08:20

** Shares of the plastic extrusion machinery maker  KBRE.NS 
rise as much as 16.6% to hit a record high of 249.85 rupees
    ** Co said on Monday it received its single largest order to
supply 8,000 battery packs for electric two-wheelers 
    ** KBRE did not disclose the value of the order
    ** Co recently ventured into manufacturing of lithium-ion
battery packs
    ** About 1 mln shares change hands vs 30-day avg of 429,278
    ** KBRE shares up ~ 120% so far this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))