India's Afcons Infra rises on 7 bln rupee order win from Reliance

Afcons Infrastructure

09/06/2025 05:38

** Shares of India's Afcons Infrastructure AFCN.NS rise 2% to 444 rupees

** Construction company receives 7 billion rupees ($81.7 mln) order from Reliance Industries RELI.NS

** Construction work order for Reliance's vinyl projects at Dahej in Gujarat - Afcons

** Stock rated "Strong Buy" on an avg; median PT is 560 rupees, per data compiled by LSEG

** More than 1.5 mln shares traded, 1.4x 30-day moving avg

** Stock down 18% YTD

($1 = 85.6800 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

((rudrapratap.singh@thomsonreuters.com))