India's Vardhman Special Steels hits record high on solar power supply deal

Vardhman Special Steels

06/12/2023 08:50

** Shares of Vardhman Special Steels  VARM.NS  rise as much
as 5.17% to a record 244 rupees
    ** Stock logs sharpest intraday pct gain since Oct. 19 
    ** Alloy steel maker said it signed agreements with power
producer Sone Solar and its major shareholder, ASG Holdco Beta,
to set-up a 55 megawatt solar plant in Punjab 
    ** Plant to exclusively supply solar power to VARM
    ** Co is trading above its 50-, 100-, and 200-day simple
moving averages
    ** About 935,000 shares changed hands, 5.3x the 30-day
average    
    ** Stock last up 3.2%, extending YTD gains to over 55% 



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))