India's Nahar Industrial Enterprises rises on NCLT nod for amalgamation

Nahar Industrial Enterprises

24/02/2023 07:04

** Shares of Nahar Industrial Enterprises  NHIE.NS  rise as
much 5.6% to 90.95 rupees, sharpest intraday climb since Dec.
26, 2022
    ** Rise comes after National Company Law Tribunal sanctions
amalgamation of Cotton County Retail with co
    ** Stock trading below 50-, 100- and 200-day moving avgs
since Jan. 5, 2023
    ** More than 27,800 shares traded by 12:20 p.m. IST, vs
30-day avg of 31,939 shares
    ** Stock lost 8.2% in 2022, following two years of annual
gains
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com; +91 8075473630;))