India's Roto Pumps surges after unit gets multiple orders

Roto Pumps

09/12/2024 06:55

** Shares of industrial machinery and equipment maker Roto Pumps
 ROTP.NS  rise as much as 13.4% to 320 rupees, its highest level
since early-Aug
    ** Stock eyes fifth straight session of gains, set for
biggest one-day pct gain since July
** Co says its unit Roto Rudra wins over 400 orders for solar
pumping solutions across global and domestic markets
    ** The company did not mention financial terms of the orders
    ** More than 1.8 mln shares change hands, 10.4x its 30-day
avg
    ** Stock up 50% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com))