Ultracab (India) surges on $2.78 mln order win

Ultracab (India)

09/01/2023 07:36

** Shares of wires and cables manufacturer Ultracab (India)
Ltd  ULTA.BO  rise as much as 17% to 33.6 rupees, touching their
highest level since April 5, 2022
    ** ULTA received orders worth 228.83 mln rupees ($2.78 mln)
from Tata Power Company Ltd  TTPW.NS  on Monday 
    ** Stock on track for a third consecutive session of gains 
    ** Stock has been above its 50-day, 100-day, and 200-day
simple moving avgs, indicating bullish sentiment
    ** More than 972,499 shares traded 
    ** Stock up 12.8% in 2022 
     ($1 = 82.3500 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))