Indian pump maker KSB jumps to record high on $63-mln order

KSB

11/07/2022 05:58

** Shares of pump and valve maker KSB Ltd  KSBL.NS  rise as
much as 9.2% to an all-time high of 1,623.90 rupees
    ** KSB won orders worth 5 bln rupees ($62.98 mln) from
Nuclear Power Corp to supply primary coolant pumps and electric
motor, co said on Saturday (https://bityl.co/DAbR)
    ** Supply of products for orders to begin FY26
    ** KSBL posts biggest intraday pct gain since May 20
    ** More than 203,000 shares change hands by 0449 GMT vs
30-day avg of 27,966 shares
    ** Stock up 22% YTD up to last close
    
($1 = 79.3930 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com +917982114624))