India's Nitco hits over 6-1/2 yr high

Nitco

16/10/2024 06:19

** Shares of building products maker Nitco  NCOT.NS  rise as
much as 10% to 110 rupees, highest since March 19, 2018
    ** Reuters could not immediately ascertain the reason for
the move
    ** Stock has surged over three-fold so far this year
    ** NCOT trading above its 50-day, 100-day and 200-day simple
moving averages
    ** Nearly 2 mln shares change hands, 2.9x its 30-day avg


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))