India's Prime Securities hits highest level in over 16 years

Prime Securities

11/06/2024 07:21

** Shares of Prime Securities  PRME.NS  rise as much as 5.3%
to 207.90 rupees, their highest level since Feb. 8, 2008
    ** Investment banking co says its board has approved the
commencement of a wealth management business through a unit
    ** Co also approves capital investment of up to 100 mln
rupees ($1.2 mln) for the same purpose
    ** Stock on track to rise after two weekly losses
    ** PRME last up 3%, adding to YTD gains of ~19.8%


($1 = 83.4900 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))