India's Kanoria Chemicals jumps on launch of new plants

Kanoria Chemicals and Industries

06/09/2024 08:38

** Shares of Kanoria Chemicals & Industries  KNRC.NS  rise
as much as 8% to 137 rupees, highest since July 10
    ** KNRC says it has launched new hexamine manufacturing
plant in Ankleshwar, with a capacity of 18 metric tons per Day
(MTPD)
    ** Adds, also inaugurated its new formaldehyde manufacturing
plant in Ankleshwar with a capacity of 345 MTPD
    ** Trading vol 2.5x 30-day daily avg
    ** Stock up 6.1% so far this week, on track for third
straight weekly gains
    ** Stock down 1.4% YTD




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))