India's Ahluwalia Contracts rises most in over a month on $13.47 mln order win

Ahluwalia Contracts (India)

17/10/2022 06:42

** Shares of Indian integrated construction company
Ahluwalia Contracts Ltd  AHLU.NS  rise as much as 5.8% to 457.30
rupees, in their biggest intraday pct gain since Sept. 6
    ** AHLU, on Friday, won an order worth 1.11 bln
rupees($13.47 million) 
    ** Assam government order for additional construction work
of new medical college and hospital, co says
    ** More than 15,700 shares change hands by 0525 GMT vs
30-day avg of 16,804 shares
    ** Seven of the 8 analysts covering the stock have a "buy"
or "strong buy" rating, while 1 has "hold"; median PT is 529.00
rupees - Refinitiv data
    ** Stock up 7.4% so far this year as of last close
($1 = 82.3925 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))