Ion Exchange rises on Rs 126-cr order
The stock of Ion Exchange India rose 10.32 per cent to Rs 76.4 on winning a Rs 126.3 crore order from NTPC Tamil Nadu Energy Company, a JV between NTPC and Tamil Nadu Electricity Board. Ion Exchange will be setting up a sea water reverse osmosis plant for the JV's thermal power plant near Chennai.
The stock made an intraday high of Rs 83.1 and a low of Rs 73 with trading volumes of 0.46 lakh shares, around seven times of its two-week average. The scrip made a 52-week high of Rs 233.8 (May 12, 2008) and a low of Rs 55 (November 21, 2008).