India's Manali Petrochemicals rises after restarting operations at Chennai plant

Manali Petrochemicals

21/12/2023 05:15

** Shares of Manali Petrochemicals  MNLI.NS  are up ~5% at
79 rupees
    ** MNLI resumed entire operations of plant 2, partial
operations of plant 1, which were affected by floods in the
South Indian city of Chennai 
    ** Stock has gained ~15% so far this week; if gains hold set
to log second biggest weekly rise this year
    ** More than 3.2 mln shares changed hands, 2.3x their 30-day
avg
    ** MNLI has risen ~20% so far in December, trimming YTD
losses to ~3% 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))