India's PPAP Automotive jumps on winning orders worth 1.18 bln rupees

PPAP Automotive

16/12/2024 07:25

** Shares of PPAP Automotive  PPAP.NS  surge by 13% to 246
rupees, their biggest one-day pct gain since mid-Jan
** Co gets gets multi-year orders worth 1.18 bln rupees ($13.9
mln)
    ** Says significant portion of order, valued at ~500 mln
rupees, is specifically for parts related to electric vehicles
    ** Close to 700,000 shares traded, highest since late-July
2021
    ** Shares up 3% YTD
     
    ($1 = 84.8200 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)
((Yagnoseni.Das@thomsonreuters.com;))