India's Priti International surges on partnership with Godrej Industries

Priti International

28/06/2023 08:21

** Shares of furniture co Priti International  PRNI.NS 
surge as much as 9.7% at 177 rupees - steepest intraday climb
since June 2 
    ** Co posts highest level since June 7
    ** PRNI said it became major supplier partner of Godrej
Industries  GODI.NS  
    ** As per partnership, PRNI will supply home furniture
products 
    ** Shares snap two consecutive losing sessions, currently
trading above 50-day and 100-day simple moving averages for the
first time since June 8 
    ** More than 130,000 shares change hands by 12:40 P.M. IST,
2.5X 30-day avg 
    ** Co sees heaviest trading day since May 25 
    ** YTD stock has risen more than 9% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))