India's La Opala up 3% after Nippon India Mutual Fund increases stake

La Opala RG

06/06/2023 10:52

** Shares of La Opala R G Ltd  LAOP.NS  rise as much as
3.22% to a six-month high of 416.30 rupees
    ** Uptick after Nippon India Mutual Fund bought 1.88 mln
shares of the glassware and tableware firm in a block deal for 
399.05 rupees apiece on Monday
    ** Malabar India Fund Ltd offloaded 1.89 mln shares on
Monday; co is a public shareholder that owned 2.61% stake in
LAOP
    ** Trading volume is 414,287 shares as of 3:08 p.m. IST, 2.6
times the 30-day avg - Refinitiv data
    
       

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))