India's Ahluwalia Contracts jumps on 13.07 bln rupees orders

Ahluwalia Contracts (India)

10/09/2024 04:54

** Shares of Ahluwalia Contracts  AHLU.NS  jump ~6% to 1,268
rupees
    ** The construction firm got work orders worth 13.07 bln
rupees (about $156 mln)
    ** Orders from two subsidiary companies of real estate
developer Signatureglobal  SIGT.NS 
    ** Analysts' avg rating on stock is "Hold", in-line with
peer KEC International  KECL.NS , while Kalpataru Projects
 KAPT.NS  is rated "Buy" - LSEG data
    ** At current price, AHLU up 64% YTD vs 66% and 95% gain in
KECL and KAPT, respectively 
    
($1 = 83.9730 Indian rupees)

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