India's Ahluwalia Contracts hits record high on $24.3 mln order win

Ahluwalia Contracts (India)

12/07/2023 10:58

** Shares of civil construction company Ahluwalia Contracts
(India)  AHLU.NS  up as much as 3.22% to their record highest at
695 rupees
    ** Co hits sharpest intraday pct gain since July 5
    ** AHLU said it secured order worth ~2 billion rupees
($24.30 million) from Indian Financial Technology and Allied
Services
    ** Brokerages bullish on co; eight out of 10 rating stock as
"buy" or above, two rate it "hold"; their median PT is 670
rupees 
    ** About 140,377 shares change hands as of 3:15 p.m. IST,
1.3x the 30-day average of 107,307 shares 
    ** Stock up 41.5% YTD as of last close
 

($1 = 82.2964 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))