India's Rushil Decor rises after getting export certification

Rushil Decor

09/01/2024 06:29

** Shares of Rushil Decor  RUSH.NS  rise as much as 3% to
384.50 rupees, before paring some gains to trade up 2.3%
    ** The wood panel maker said it has been awarded 3 star
export house certification from govt of India
    ** With this certification, RUSH said it will get benefits
like authorisation & custom clearance for imports & exports on a
self-declaration basis, exemption from furnishing bank guarantee
for foreign trade promotion schemes among others   
    ** Adds, co targeting to achieve 5 bln rupees ($60.15 mln)
export mark in next four years to achieve 4 star export house
status
    ** Stock rose 44.2% in Dec qtr, its best quarterly
performance since Dec 2021



($1 = 83.1200 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))