India's Nandan Denim soars to more than 2-year high after stock split nod

Nandan Denim

18/06/2024 08:15

** Shares of Nandan Denim Ltd  NANE.NS  rise as much as
18.7% to 52.20 rupees, their highest since May 2022
    ** Denim producer on Monday approved splitting of each share
into ten
    ** If gains hold, stock set for best day since end-March
2023
    ** Over 13.6 mln shares traded in stock's busiest day on
record vs 30-day avg volume of ~2.3 mln shares
    ** Stock up ~52% so far this year after 3.5% rise in 2023


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))