India's Linc near 11-month high on JV agreements

Mitsubishi Pencil

26/09/2024 08:24

** Linc  LINC.NS  rises as much as 5.9% to 768 rupees,
highest since Nov. 3, 2023; last up 3%
    ** Pen maker enters into JV agreement with a Turkish co to
manufacture, distribute and sell pens in Turkiye, nearby
countries
    ** Co also enters into agreement with Mitsubishi Pencil
Company to manufacture and sell pens and pencils for India
    ** LINC on track for fourth consecutive sessions of gains
    ** More than 221,000 shares traded, 2.7x the 30-day avg
    ** Stock up 29% so far in Sept. quarter, on track for its
best quarterly gain since June 2023
    ** YTD, LINC rises 11.7%

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))