India's Sundaram Clayton rises on commissioning production at new facility

TVS Holdings

06/09/2024 05:58

** Shares of Sundaram Clayton  SUNM.NS  rose as much as
4.6%, last up 2.8% to 1,837.5 rupees
    ** Auto parts-maker commissioned commercial production of
aluminium die castings in India's Tamil Nadu state; new facility
has annual capacity of 7,750 MT of aluminium die castings
    ** Stock set for best day since July 24, eyes rise in third
straight session
    ** SUNM up 21.5% YTD vs 86% rise in rival Samvardhana
Motherson  SAMD.NS 

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))