India's LT Foods hits record high on UK expansion
12/07/2024 07:55
** Shares of LT Foods LTOL.NS rise as much as 6% to hit a
record high of 297.50 rupees
** Rice exporter inaugurates new facility in UK with
investment of 7 mln pounds ($9 mln) and said it would invest
another 50 mln pounds in coming years
** LTOL expects annual revenue of 100 mln pounds in next 5
years from UK
** Stock set to rise for fourth straight session; it gained
8.5% in the last three sessions and hit record high on Tuesday
** Stock up nearly 44% so far in 2024, on track to post
fifth straight year of gains
($1 = 0.7748 pounds)
(Reporting by Nishit Navin)
((nishit.navin@thomsonreuters.com;))
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