India's Advait Infratech hits upper circuit on 2.96 bln-rupee order win

Advait Energy Transitions

28/08/2024 09:19

** Shares of Advait Infratech  ADVF.BO  rise 5% to 1,979.90
rupees, hitting upper circuit
    ** Industrial equipment maker gets order worth 2.96 bln
rupees ($35.3 mln) to set up manufacturing of electrolysers
    ** ADVF was up ~4% before announcement
    ** Stock has more than tripled so far this year

($1 = 83.9575 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))