India's Karnika Industries rises after plan to set up facility
25/11/2024 08:54
** Shares of garment manufacturer Karnika Industries
KARN.NS up 3.84% at 295 rupees, highest since Sept. 6
** Co to set up new plant in Gurugram city for production of
denim, with 50 mln-rupee ($593,348.56) investment over 5 yrs
** Co expects profit to rise by 300 mln rupees on increased
capacity
** More than 8,500 shares changed hands as of 14:05 pm IST,
1.9x more than the 30-day avg volume
** YTD, shares have more than doubled in value
($1 = 84.2675 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
((Ananta.Agarwal@thomsonreuters.com))