India's V-Guard Industries jumps to record high, eyes best day in over 2 months

V Guard Industries

06/06/2024 09:32

** Shares of V-Guard Industries  VGUA.NS  rose as much as 
~7% to a record high of 404.55 rupees before shedding gains to
last trade at 4.8% higher
    ** Reason for share move not immediately clear
    ** Stock, which is up for the second straight day, set for
its steepest climb since March 14, if gains hold
    ** Stock sees busiest day in over 2 weeks, with more than
1.3 mln shares traded, 1.6x the 30-day avg
    ** Avg rating of 19 analysts covering the stock is "BUY;"
their median PT is 395 rupees - LSEG
    ** Stock up ~35% so far this year, compared to a 33% and 25%
surge in peers Havells India  HVEL.NS  and Polycab India
 POLC.NS  

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))