India’s Antony Waste eyes best day in 6 wks on $9.7 mln contract

Antony Waste Handling Cell

02/01/2023 08:43

** Shares of solid waste collection co Antony Waste Handling
Cell  ANTO.NS  rise as much as 4.4% to 319.95 rupees, its
steepest intraday pct climb since Nov. 22
    ** Stock at highest level since Dec. 19
    ** ANTO said it won a contract from Pimpri Chinchwad
Municipal Corporation (PCMC) for about 800 million rupees 
($9.67 million) over 7 years
    ** Contract for mechanical street sweeping of major roads
above 18 meters in PCMC area
    ** Stock trading above its 50-day moving average for the
first time since Dec. 20
    ** Almost 73,000 shares change hands as of 1:22 pm IST, 1.3X
the 30-day moving average
    ** Stock slipped 6.4% in 2022 after a 29.7% tumble in 2021
from its IPO launch on Jan. 1, 2021
($1 = 82.7000 Indian rupees)
 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com;))