India's Pitti Engineering hits record high on consolidation of units

Pitti Engineering

16/06/2023 05:23

** Shares of Pitti Engineering  PITE.NS  up as much as 6.5% to
389 rupees, hitting a record high 
    ** Stock sees biggest intraday pct gain since June 5
    ** The engineering products manufacturer on Thursday said it
started consolidating units Pitti Rail and Engineering
Components Ltd and Pitti Castings Pvt Ltd to broaden its
footprint across supply chain
    ** About 149,482 shares change hands by 9:44 a.m. IST, 1.0x
the 30-day avg - Refinitiv data
    ** Stock up 13% this year, up to last close


    

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))