India's Ahluwalia Contracts rises on $19 mln order

Ahluwalia Contracts (India)

12/07/2022 05:41

** Shares of Ahluwalia Contracts  AHLU.NS  rise as much as
4.59% to 433.95 rupees, biggest pct gain since June 30
    ** AHLU gets order for construction work on Amity Campus
Bengaluru from Ritnand Balved Education Foundation  urn:newsml:reuters.com:*:nFWN2YR04O
    ** Order worth around 1.50 bln rupees ($18.85 mln)
    ** Co's total order inflow during the FY 2022-23 stands at
8.63 bln rupees
    ** Around 47,886 shares change hands by 0429, 2.1x 30-day
avg of 23,297 shares
    ** 7 of the 8 analysts covering the stock have a "buy" or
"strong buy" rating, 1 has "hold"; median PT is 508 rupees -
Refinitiv data
    ** Stock up 3.13% YTD up to last close



($1 = 79.5800 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com;))