India's Nitco rises most in over two months on joint land development deal
25/08/2026 05:29
BUZZ-India's Nitco rises most in over two months on joint land development deal ** Shares of India's Nitco NCOT.NS rise as much as 13.5% to 109.25 rupees
** Stock posts its biggest intraday pct jump since June 19
** Nitco's stock gains after company signed a memorandum of understanding with HOABL Impactum Land Pvt Ltd for joint development of land in Alibaug, Maharashtra
** Transaction expected to generate 13 billion rupees ($135.82 million) to 15 billion rupees in consideration over five years
** Trading vols at 9.91 million shares vs 30-day average of 634,271 shares
** YTD, Nitco stock up 2.42%
($1 = 95.7125 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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