Ahluwalia Contracts India climbs on 8.93 bln rupee order win

Ahluwalia Contracts (India)

11/07/2024 07:17

** Shares of Ahluwalia Contracts (India)  AHLU.NS  up 5.4%
at 1,497.15 rupees
    ** The engineering and construction firm won an order worth
8.93 bln rupees (~$107 mln) from Airports Authority of India
    ** Order to develop Lal Bahadur International Airport in
Varanasi, which includes construction of a new terminal building
    ** More than 359,000 shares change hands, nearly twice the
30-day moving average
    ** Avg recommendation of nine analysts is "hold"; median PT
is 1,250 rupees - LSEG data
    ** Stock up ~94% YTD, set for fourth straight annual gain

($1 = 83.5080 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))