Karutari Global spurts on winning order
Shares of Karuturi Global have surged higher after the company announced that it concluded a new contract for supply of 50mn roses, an increase of 28% over 36mn roses supplied in the previous year, from Edeka, one of the largest super markets network in Germany.
This order comes at an increased price ranging from 20% to 33% above that of the price received this year. This order will be executed through its various production facilities.
The scrip rose over 4.9% to Rs11.7 and has touched an intra-day high of Rs11.8 and a low of Rs11.4 and has recorded volumes of over 4,00,000 shares on NSE.
source: Indiainfoline
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