India's Afcons Infrastructure hits record high after order win

Afcons Infrastructure

03/01/2025 07:20

** Shares of recently listed Afcons Infrastructure  AFCN.NS 
rise as much as 6.6% to a record high of 570 rupees
    ** Construction engineering co gets order worth 10.85 bln
rupees ($126.56 mln) from Defence Research and Development
Organisation
    ** Order for designing and building civil, mechanical,
electrical, HVAC, ELV systems, furniture and interiors
    ** More than 4.2 mln AFCN shares traded; 1.5x its 30-day avg
    ** Stock last up 3.5%, has risen 30% since its market debut
in Nov. 2024
 
 ($1 = 85.7290 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))