India's Afcons Infrastructure gains after winning Croatia motorway contracts

Afcons Infrastructure

18/07/2025 05:10

** Shares of Afcons Infrastructure AFCN.NS rise as much as 5.6% to 437 rupees, logging biggest intraday pct gain since May 13

** Construction co emerges as lowest bidder for two road construction packages in Croatia

** Total contract value stands at 455 mln euros ($528.85 mln)

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

** Stock down 18% YTD

($1 = 0.8604 euros)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))