India's Rolex Rings jumps as SBI Mutual fund, others buy stake
** Shares of Rolex Rings ROLE.NS rise 5% after multiple
companies buy stake in the forged and machined equipment maker
** SBI Mutual Fund and 3 others purchase aggregate ~3% stake
in co via bulk deals on Tuesday
** Around 40,000 shares traded, 1.8x 30-day avg volume
** With session's gains, stock turns YTD positive; up 1.3%
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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Brief: Rolex Rings Approves Buyback Of Shares For An Amount Not Exceeding 1.80 Billion Rupees