India's RACL Geartech rises on nomination from BMW to supply parts
19/11/2024 08:24
** Shares of automotive components maker RACL Geartech
RACG.BO rise 4.4% to 832 rupees
** Co on Monday said it got a new nomination from German
automaker BMW BMWG.DE to supply drive train parts for upcoming
electric sports car
** Commercial production of the parts is expected to
commence in 2026; financial details of the nomination were not
disclosed
** Stock set to snap four-session losing streak
** Stock trims YTD loss to about 28%
(Reporting by Vijay Malkar)
((VijayDattaram.Malkar@thomsonreuters.com;))
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