India's Aarvi Encon up on revised contract order for UAE unit

Aarvi Encon

04/12/2023 04:28

** Shares of Aarvi Encon  AARI.NS  rise 7.3% to 157.2 rupees
    ** Co on Friday said its UAE unit received work contract
from a large engineering, procurement co revised to 42 mln AED 
($11.44 million) from 27 mln AED 
    ** About 128,000 shares change hands in early trade, 3x
30-day avg
    ** Technical man power supplier's stock down 11.3% YTD 


($1 = 3.6720 UAE dirham)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))