-India's Ahluwalia Contracts rises most in over a month on order win

Ahluwalia Contracts (India)

21/11/2022 07:55

** Shares of Indian integrated construction company
Ahluwalia Contracts Ltd  AHLU.NS  rise as much as 4.54% to 452
rupees, their highest since Oct. 17
    ** AHLU, on Monday, won an order worth 1.2 billion rupees
($14.68 million)
    ** The order is from the government of Assam for
construction of Lachit Moidam Memorial and Cultural Complex
    ** More than 93,845 shares change hands by 0750 GMT vs 3.8x
30-day avg of 24,905 shares
    ** Seven of the 8 analysts covering the stock have a "buy"
or "strong buy" rating, 1 has "hold"; median PT is 538.5 rupees
- Refinitiv data
    ** Stock up 7.47%% YTD up to last close
($1 = 81.7650 Indian rupees)
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))