India's Roto Pumps hits 18-mth high on $1.72 mln order win

Roto Pumps

16/01/2023 06:16

** Shares of Indian Roto Pumps Ltd  ROTP.BO  rise as much as
5.9% to 539.80 rupees
    ** The pump spares and parts maker's stock hits highest
level since July 1, 2021, 
    ** If gains hold, ROTP on track for a sixth consecutive
session of gains
    ** ROTP on Friday said it won an order worth 140 mln rupees
from Grasim Industries ($1.72 mln) 
    ** More than 155,000 shares change hands by 11:31 a.m. IST,
7.6x the 30-day avg 
    ** Stock up ~15.4% so far this month
($1 = 81.3750 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))