Ahluwalia Contracts (India) surges on Q1 profit jump

Ahluwalia Contracts (India)

16/08/2023 07:06

** Shares of Ahluwalia Contracts (India) Ltd  AHLU.NS  rise
as much as 3.8% to 759.95 rupees 
    ** Engineering firm's June-qtr consolidated net profit rose
31.6%, while revenue from operations surged 25.3%
    ** Trading vol as of 11:15 a.m. IST is 0.6x the 30-day avg
    ** Stock trading above its 50-, 100-, and 200-day moving
averages since May 27, in bullish trend
    ** Average rating of eight analysts covering stock is the
equivalent of 'buy'; median PT is 670 rupees - Refinitiv data
    ** Stock up 55.5% so far this year; rose about 5.3% during
April-June qtr

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))