India's Munjal Auto hits near 6-yr high on reduced income tax demand

Munjal Auto Industries

29/11/2023 05:43

** Shares of India's Munjal Auto Industries  MUAU.NS  rise as
much as 9.6% to 85.95 rupees, highest since Jan 2018
    ** Co receives income tax rectification order, with the tax
amount reduced to 7 mln rupees from 4 bln rupees for assessment
year 2022-23
    ** About 2 mln shares traded, 2x the 30-day avg
    ** Including Wednesday's gains, stock up about 72% YTD

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))