India's Kotyark Industries hits record high on winning tender to supply biodiesel

Kotyark Industries

10/01/2024 06:42

** Shares of biofuel maker Kotyark Industries  KOTY.NS  extend gains to rise
as much as 11.8%, hit record high of 1,377.7 rupees
    ** KOTY on Tuesday got tender to supply 90,135 kilolitre biodiesel for an
estimated revenue potential of 7.33 billion rupees ($88.1 mln)
    ** More than 134,000 shares change hands, 2.8x the 30-day avg
    ** Stock's most active trading week so far, in 10 weeks
    ** Shares last up 9.3%, gained ~166.2% in 2023


($1 = 83.1670 Indian rupees)

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