India's Krishna Defence hits upper circuit on order win

Krishna Defence & Allied Industries

16/11/2022 08:22

** Shares of Indian defence applications maker Krishna
Defence and Allied Industries Ltd  KISH.NS  rise as much as 5%
to hit upper circuit at 111.60 rupees, biggest intraday pct gain
since Nov. 9
    ** KISH on Wednesday said it received an order worth 240 mln
rupees in its defence vertical to supply special steel product
for critical naval application 
    **KISH is a diversified business co, manufacturing products
ranging from naval applications to kitchen equipment
    ** 183,000 shares change hands, 3.2X the 30-day avg of
57,400 shares
    ** Stock up 41.7% from open price on listing on Apr. 6, as
of last close 
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))