India's Vipul Organics rises on order win

Vipul Organics

04/03/2024 07:30

** Shares of Vipul Organics  VIPU.BO  up 2.3% 
    ** Stock rose as much as 4.6% to day's high of 210.1 rupees 
    ** Specialty chemicals co said it bagged an order from
Tamilnadu Newsprint and Papers  TNNP.NS  to supply pigment dyes
worth 71.5 mln rupees ($862,641)
    ** The growth in India's dyes and pigments segment is driven
by the expanding packaging and printing industries, co added 
    ** VIPU eyes third straight session of gains, if trends hold
    ** Including session's moves, stock up 21.5% this year
against 32.5% gain in 2023

($1 = 82.8850 Indian rupees)

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