India's McLeod Russel jumps most in over 12 years

McLeod Russel India

19/09/2022 10:41

** Shares of tea producer McLeod Russel India  MCLE.NS  rise
as much as 19.96% to 34.25 rupees, marking their sharpest
intraday pct jump since mid-July 2010
    ** MCLE said on Monday electrode paste producer Carbon
Resources Pvt Ltd acquired 5.03% stake in co on Friday in an
open-market acquisition  urn:newsml:reuters.com:*:nFWN30O04H
    ** Stock hits highest since Jan. 21, hits upper circuit for
second straight session 
    ** 3.2 mln MCLE shares trade by 0927 GMT, 2.5 times their
30-day avg of 1.3 mln shares
    ** Shares of MCLE up 7.33% YTD as of last close

 ((nishit.navin@thomsonreuters.com;))