India's Ganesh Benzoplast rises on favourable NCLAT order

State Trading of India

21/04/2023 10:11

** Shares of Ganesh Benzoplast  GNSB.NS  rise as much as
4.3% to 176.70 rupees
    ** Co receives favourable order from NCLAT, which dismissed
an appeal by State Trading Corporation of India
    ** NCLAT rules in favour of GNSB's claims of 240 mln rupees
($2.9 mln) in relation to some disputed transactions
    ** About 186,645 shares traded by 2:30 p.m. IST, 0.8x the
30-day avg - Refinitiv Data
    ** Stock on track to rise for second straight session if
trends hold
    ** Stock trading above its 50-, 100- and 200-day exponential
moving averages

($1 = 82.1040 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))