India's Meghmani Organics up after unit opens new plant

Meghmani Organics

07/03/2024 05:12

** Shares of agrochemicals firm Meghmani Organics  MEGI.NS 
up 5.1% at 94.40 rupees
    ** MEGI says unit Meghmani Crop Nutrition inaugurated its
nano urea plant at Sanand, Ahmedabad; commencement of commercial
production of liquid fertilizer to be announced separately later
    ** If gains hold, MEGI to snap three straight sessions of
losses
    ** However, stock likely to post its second straight weekly
loss
    ** MEGI up 21.2% YTD, after 29.8% decline in 2023
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))