India's Supreme Petrochem rises on plant expansion approval

Supreme Petrochem

11/03/2022 05:09

** Shares of the polymer maker  SPTL.NS  jump as much as
6.5% to 770 rupees, hitting their highest levels in almost five
months
    ** Supreme Petrochem's board approved the expansion plan for
its expandable polystyrene plant based in Maharashtra by 30,000
MTA  urn:newsml:reuters.com:*:nBSE5Rhbty
    ** SPTL board also approved setting up of a second line of
extruded polystyrene board, which is used for building
insulation, thermal insulation and water barriers
    ** More than 175,000 shares traded, 2.5 times their 30-day
moving average
    ** Including session's gains, SPTL stock up ~6% for the year

    

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))