India's Afcons Infrastructure rises after contract win

Afcons Infrastructure

22/07/2025 05:28

** Shares of Afcons Infrastructure Ltd AFCN.NS rise as much as 3.7% to 434.3 rupees
** Infra co declared the lowest bidder by HŽ Infrastructure Ltd for construction of a railway line in the Republic of Croatia
** Adds, estimated value of contract is 68 bln rupees ($788.5 mln)
** Stock on track to gain for third straight day
** More than 2.2 mln shares traded as of 9:53 a.m. IST, 1.7x their 30-day moving avg
** Mean rating of stock is "strong buy"; their median PT is 560 rupees - data compiled by LSEG
** AFCN last up 2%, cutting YTD losses to 23.2%

($1 = 86.2350 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))