India's Ahluwalia Contracts hits record high as quarterly profit surges

Ahluwalia Contracts (India)

14/02/2024 04:25

** Shares of Ahluwalia Contracts (India)  AHLU.NS  rise 6.1%
to a record high of 955.7 rupees
    ** The engineering co's qtrly profit jumped 56%, rev up 38%
y/y
    ** More than 94,000 shares traded, 1.1x times its 30-day avg
    ** Avg rating of 9 analysts covering the stock is "hold;"
their median PT is 820 rupees - LSEG
    ** Stock rose ~63% in 2023, its third straight year of gains

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