India's Swaraj Suiting rises after getting govt subsidy

Swaraj Suiting

11/09/2024 10:25

** Shares of Swaraj Suiting Ltd  SWAU.NS  rise as much as
3.3% to 295 rupees
    ** Fabric maker says it got 27.8 mln rupees ($331,267) from
the government of India as subsidy under assistance to textile
units in the fabric sector scheme
    ** Adds, subsidy to support the co's investment in setting
up a denim division at a plant
    ** Stock on track to snap 2 days of losses
    ** SWAU last up 1.5%, adding to YTD gains of ~190% so far


($1 = 83.9200 Indian rupees)

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