India's Setco Automotive nears 1-month high on Piramal fund investment

Setco Automotive

08/09/2021 06:12

** Shares of automobile parts maker Setco Automotive
 SETC.NS  rise as much as 9.8% to 20.25 rupees, their highest
since Aug 11
    ** After market close on Tuesday, the Piramal
Enterprises-promoted  PIRA.NS  India Resurgence Fund announced
an investment of up to 6.15 bln rupees ($83.55 mln) into Setco
 urn:newsml:reuters.com:*:nFWN2Q909J
    ** Setco posts its biggest intraday pct gain since Aug 24
    ** Stock up 57.7% YTD, as of last close
    
    ($1 = 73.6125 Indian rupees)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))