India's Vipul Organics rises on environmental nod for Maharashtra unit expansion

Vipul Organics

20/02/2024 08:20

** Shares of Vipul Organics  VIPU.BO  up as much as 20% to
225.45 rupees, their biggest intraday gain since Oct 
    ** Specialty chemicals co said Ministry of Environment,
Forest and Climate Change granted Environmental Clearance (EC)
for expansion at co's Maharashtra facility
    ** Co plans to raise its production capacity from the
current 10 metric tons per month (MT/M) to 508 MT/M 
    ** More than 111,000 shares change hands as of 1:40 p.m.
IST, 4.1x the 30-day moving average
    ** VIPU eyes second straight session of gains; on track to
snap two consecutive weeks of losses
    ** Including session's moves, stock up 28.3% this year,
smaller than the 32.6% gain in 2023
    

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))