India's Stove Kraft rises on commissioning foundry

Stove Kraft

26/11/2024 07:51

** Shares of Stove Kraft Ltd  STOE.NS  rise as much as 4% to
789 rupees 
    ** The 'Pigeon' cooker-maker says it commissioned a cast
iron foundry at its Harohalli factory in Karnataka at a cost of
400 mln rupees ($4.8 mln)
    ** More than 56,000 shares traded as of 1:13 p.m. IST,
nearly half of their 30-day moving average of 114,548 shares
    ** STOE last up 3.1%, adding to YTD gains of 73.8% 


($1 = 84.2950 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))