India's Styrenix Performance Materials hits record high as firm declares dividend

Styrenix Performance Materials

09/12/2024 08:52

** Shares of Styrenix Performance Materials  STYE.NS  jump
as much as 5%, hitting a record high of 2,895 rupees ($34) 
    ** Plastic resin producer approves a dividend of 31 rupees
per share
    ** STYE to also buy INEOS Styrolution (Thailand) for around
$20 mln
    ** Stock set to rise for a third straight session, gaining
around 12% in the period      
    ** More than 178,000 shares traded, nearly 4x their 30-day
avg    
    ** Stock has nearly doubled in 2024 


($1 = 84.7075 Indian rupees)

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))