Tilaknagar Industries jumped 2.96% to Rs 36.50 after the company said it entered into an agreement with Pernod Ricard India to manufacture its products in India.Tilaknagar Industries has entered and executed an agreement on 1 April 2021 with Pernod Ricard India (PRIPL) to manufacture products for PRIPL at the company s bottling facilities in Maharashtra.
The agreement is effective immediately and shall remain valid for the period of 10 years and shall be renewable thereafter by mutual consent. The co-operation could be extended to more states in the near future.
Shares of Tilaknagar Industries rallied for third trading session. The stock has added nearly 24% in three days from its previous closing low of Rs 29.45 posted on 31 March 2021.