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Karutari Global spurts on winning order

This article was posted on Dec 8, 2008 and is filed under Stock News

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

Tags: calls, daytrading, free calls, intraday, tips

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