India's Shish Industries hits record high on bagging multi-year deal

Shish Industries

23/04/2024 08:08

** Shares of Shish Industries  SIHI.BO  up 15.4%
    ** Stock surged 20% to a record high of 172.05 rupees,
marking its biggest intraday percentage gain since March 23,
2021
    ** The plastic corrugated sheets manufacturer said it signed
a long-term deal with U.S.-based Best Construction Products Inc.
for a minimum export value of $37.5 mln
    ** Under the deal, SIHI will supply construction products to
co over 5 years
    ** More than 644,000 shares change hands by 12:32 p.m. IST,
16.7x the 30-day avg, busiest day yet since November 10, 2017
    ** Stock on track for a fifth consecutive session of gain,
if trend holds
    ** Including session's gain, stock is up 59.2% YTD 

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))