India's Ritco Logistics hits record high after share issue approval

RITCO LOGISTICS

26/06/2024 05:33

** Shares of India's Ritco Logistics  RICT.NS  up as much as
6.1% to hit record high 311.7 rupees, last up 1.7% 
    ** Co approved preferential issue of shares worth up to 1
billion rupees (roughly $12 million) 
    ** Stock set to rise for the fifth straight session, if
gains hold 
    ** Trading vols 1.5x 30-day avg 
    ** YTD stock had risen 11% 

($1 = 83.4470 Indian rupees)

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