V-Marc India hits upper circuit on getting LOI worth 137.2 mln rupees

V-Marc India

21/06/2024 10:14

** Shares of V-Marc India  VMAC.NS  up 5% to hit upper
circuit at 176.90 rupees
    ** Cable products maker said it has got Letter of
Intent(LOI) worth 137.2 mln rupees ($1.6 mln)
    ** Stock on track to snap six consecutive sessions of loss,
if trend holds
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since April 26
    ** Stock up 91.8% so far this quarter vs fall of 47.2% in
March quarter
    ** Stock up 1.3% YTD




($1 = 83.4950 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))