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Cimmco is locked at the upper circuit of 10% at Rs 107 on the National Stock Exchange (NSE) in early morning trades after the company received an industrial license to manufacture defence items.
“The company has received an industrial license from Ministry of Commerce & Industry, Department of Industrial Policy & Promotion, Government of India, for the manufacture of various items for defence and plans to take all steps for the purpose expeditiously subject to such other formalities/compliances as may be applicable in this respect,” Cimmco said in a filing on the Bombay Stock Exchange.
Till 0958 hours, a combined 54,232 shares changed hands and there are pending buy orders for 149,677 shares on the NSE and BSE.
“The company has received an industrial license from Ministry of Commerce & Industry, Department of Industrial Policy & Promotion, Government of India, for the manufacture of various items for defence and plans to take all steps for the purpose expeditiously subject to such other formalities/compliances as may be applicable in this respect,” Cimmco said in a filing on the Bombay Stock Exchange.
Till 0958 hours, a combined 54,232 shares changed hands and there are pending buy orders for 149,677 shares on the NSE and BSE.
