India's Anup Engineering climbs after acquiring peer

The Anup Engineering

18/03/2024 05:30

** Shares of India's Anup Engineering  ANUE.NS  up as much
as ~15% to 3,119.90 rupees in sharpest intraday pct gain since
Oct. 30, 2023 
    ** Co acquired Mabel Engineering Pvt. Ltd. for 330 million
rupees (about $4 million), it said over the weekend
    ** Stock on track for the third consecutive session of gains
    ** Trading vols 6.4x of 30-day avg, most activity since Oct.
31, 2023   
    ** ANUE has risen ~14% YTD after jumping 215% in 2023 


($1 = 82.8900 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))