India's Ahluwalia Contracts hits record high on 5.7 bln rupee order

Ahluwalia Contracts (India)

05/07/2024 05:00

** Shares of Ahluwalia Contracts (India)  AHLU.NS  up 8.6%
to a record high of 1,417 rupees 
    ** The engineering and construction co said it secured order
worth 5.72 bln rupees ($68.5 mln) from Airports Authority of
India 
    ** Order for construction of new terminal building at
airport in Bihar state 
    ** Over 346,000 shares traded, 2.2x the 30-day avg 
    ** Analysts' avg rating on stock is "Hold", median PT is
1,250 rupees, per LSEG data 
    ** At current price, stock up ~84% YTD 

($1 = 83.4575 Indian rupees)

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