India's Lokesh Machines rises most in 17 years

Lokesh Machines

15/06/2023 09:12

** Shares of Lokesh Machines  LOMA.NS  jump as much as 20% to
186 rupees, their highest level since May 29, 2006
    ** Stock posts biggest intraday pct gain since Dec. 22,
2021, on track for a third consecutive session gains if trends
hold 
    ** Auto parts and machine tools maker said it received
approval from the Ministry of Home Affairs to manufacture small
arms
    ** More than 1.6 mln shares change hands by 01:27 p.m. IST,
5.9x the 30-day avg; most active trading session in nearly 10
months 
    ** Stock up 47.5% this year, up to last close

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))