India's Kesoram hits near 6-yr high on report of interest from UltraTech

Kesoram Industries

23/11/2023 09:57

** Shares of cement maker Kesoram Industries  KSRM.NS  rise
as much as 4.96% to 123.80 rupees, highest level since Jan. 18,
2018; hits upper circuit
    ** UltraTech Cement  ULTC.NS  is conducting due diligence at
KRSM, exploring existing promoter buyout or co's cement business
acquisition - CNBC-TV18 post on X
    ** Stock on track for third consecutive session of gains, if
trend holds   
    ** More than 8.7 mln shares change hands by 3:07 p.m. IST,
4.2x of 30-day avg
    ** Stock up nearly 107% YTD


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