IKIO Lighting’s stock rose 3% after its subsidiary, Royalux LLC, signed a Memorandum of Understanding (MoU) with Metco Engineering. The agreement focuses on supplying energy-saving products, including solar panels and LED lighting solutions.
Metco Engineering projects $8 million in business volume for Royalux over the next six months, marking a significant step in strengthening Royalux’s position in the energy solutions market. The MoU will remain in effect until terminated with a 30-day written notice.
Ikio Lighting stock opened today at 272.90, reaching a high of 281.00 and a low of 270.65. The stock’s 52-week high is 363.95, while its 52-week low stands at 245.45.
As of 12:31 pm, IKIO Lighting shares were trading 3.04% higher at Rs 279.90 on the NSE.
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