India's Anjani Portland Cement up on merger with unit

Ncl Industries

10/01/2024 09:03

** Shares of cement maker Anjani Portland Cement  ANCM.NS 
rise much as 4.5% to 221.4 rupees
    ** ANCM on Tuesday approved amalgamation of unit Bhavya
Cements into the company
    ** ANCM trading above 50-, 100- and 200-day simple moving
averages
    ** Stock up 2.4% in 2023, while peers Deccan Cements
 DCNC.NS  and NCL Industries  NCLI.NS  gained 14.1% and 25.6%
respectively


 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))