India's Sandhar Technologies hits over 5-yr high as unit commissions new plant

Sandhar Technologies

24/08/2023 05:43

** Shares of automotive components maker Sandhar
Technologies Ltd  SNTL.NS  rise as much as 12.2% to 423 rupees,
hitting their highest since May 17, 2018
    ** Co through unit Sandhar Engineering commissions a
manufacturing plant in Mysore, Karnataka
    ** Trial runs are completed, commercial production underway
and expected to go into mass production by the beginning of
October 2023 - Co
    ** Shares on track to rise for fifth consecutive session, if
trends hold
    ** More than 887,330 shares traded by 9:58 a.m. IST, 5.9x
the 30-day avg
    ** Stock up 67.6% so far this year, up to last close


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))