Australia's Stealth Group hits record high on launching consumer brand RIVO

Stealth group

03/04/2025 05:54

** Shares of Stealth Group SGI.AX rise 15.3%

** Stock had risen 24.8% to a record high of A$0.894 earlier in the session

** Industrial distribution group announces upcoming launch of RIVO, its own-label consumer brand to deliver essential products

** Says, brand's rollout to commence through high-traffic convenience retail channels including Big W and 7-Eleven

** 728,581 shares change hands, 2.4x the 30-day average of 309,527 shares

** Stock up 97.7% YTD, including current session's moves

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))