India's SPML Infra up on repayment of $26 mln debt

SPML Infra

03/04/2024 08:55

** Shares of SPML Infra  SPML.NS  up 5% 
    ** The infra development firm says it has repaid sustainable
debt worth 2.19 bln rupees ($26.3 mln) to National Asset
Reconstruction Co 
    ** Stock trading above 200-day simple moving avg since May
2023, volumes over 1.1 times the 30-day avg
        ** SPML rose for seven straight months till March; it
was up for four consecutive quarters until Q4 
  
    ** Including session's gains, stock up ~43% so far in 2024
    

($1 = 83.4275 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))