India's Ashoka Buildcon rises on winning $165 mln project contract

Ashoka Buildcon

26/11/2024 04:15

** Shares of Ashoka Buildcon  ABDL.NS  rise about 4% to
242.62 rupees
    ** Highway developer gets National Highways Authority of
India contract for project costing 13.91 bln rupees ($165 mln)
    ** Nearly 2 mln shares traded by 9:37 a.m. IST, just shy of
30-day daily avg
    ** Nine analysts' avg rating on ABDL is "buy"; median PT is
253 rupees - LSEG data
    ** ABDL has jumped ~74% YTD, topping last year's 55% gain
and set for best year since 2014
 
 ($1 = 84.2480 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))