January 3, 2018 / 10:02 AM / 6 months ago

BUZZ-Indian jute firms surge; govt approves mandatory packaging of food grain, sugar in jute material

** Shares of Indian jute manufacturers rise after govt approves mandatory use of jute for packaging of food grain and sugar, according to a tweet by principal spokesperson for the govt bit.ly/2CyMOh2

** Ludlow Jute & Specialities Ltd surges as much as 20 pct to its highest since April 24, 2017

** Cheviot Co Ltd jumps as much as 18.2 pct and Gloster Ltd rises up to 19.3 pct, with both hitting record highs

** Up to Tuesday’s close, Ludlow Jute & Specialities stock had fallen 2.9 pct in 12 months, while Cheviot Co and Gloster had gained 41.7 pct and 33.6 pct, respectively

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