Ultracab India hits near 9-month high on $1 mln order win

Ultracab (India)

05/12/2023 06:09

** Shares of Ultracab (India)  ULTA.BO  up as much as 7.5%
to 22.90 rupees, their highest since March 13
    ** Wires and cables manufacturer says it won order worth
86.6 mln rupees ($1 mln) to supply low tension (LT) cables to
Tata Power  TTPW.NS 
    ** Over 2.9 mln shares change hands, nearly twice the 30-day
moving average
    ** Including day's move, stock cuts YTD losses to 9.6%

($1 = 83.3850 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))