India's Ashoka Buildcon rises on winning 4.78 bln rupee-order

Ashoka Buildcon

26/08/2024 04:50

** Shares of Ashoka Buildcon  ABDL.NS  rise 4.5% to 243.2
rupees
    ** Co won order worth 4.78 bln rupees ($57 mln) from Mumbai
Metropolitan Region Development Authority
    ** Stock fell 0.6% last week, its fourth straight weekly
decline
    ** Peer KEC International  KECL.NS  is also up on the day on
winning orders
    ** ABDL up ~75% YTD vs 49% rise in KECL

($1 = 83.8210 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))