India's Krishna Defence & Allied Industries hits record high on order win

Krishna Defence & Allied Industries

10/05/2023 07:35

** Shares of Krishna Defence and Allied Industries Ltd
 KISH.NS  rise as much as 11.3% to all-time high of 193.15
rupees
    ** Defence equipments maker receives order worth 634.8 mln
rupees ($7.76 mln)
    ** Order from India's Ministry of Defence for special
heating equipment
    ** Stock trading above 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~180,000 shares as of 11:45 a.m. IST,
over 5x the 30-day avg
    ** Up to last close, stock up ~11% so far this year



($1 = 81.7800 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))