India's Ahluwalia Contracts hits record high after order win

Ahluwalia Contracts (India)

13/06/2023 06:14

** Shares of Ahluwalia Contracts (India)  AHLU.NS  jump as
much as 9.74% to hit a record high of 644.15 rupees 
    ** Co posts sharpest intraday pct gain since May 29
    ** Civil construction co said on Monday it received  a 4.27
bln-rupee ($51.8 million) order  
    ** Stock rising for third consecutive session if gains hold 
    ** Shares trading above 50-day and 100-day simple moving
average, indicating bullish trend 
    ** More than 302,234 shares changed hands by 10:37 a.m. IST,
3.3 times 30-day avg of 91,686 shares 
    ** Co sees heaviest trading day in 11 sessions 
    ** Eight of 10 analysts rate the stock "buy" or higher, 2
"hold;" median TP 670 rupees - Refinitiv data 
    ** Stock has risen ~34% this year

($1 = 82.4425 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))