India's Ashoka Buildcon rises on winning project worth nearly 2 bln rupees

Ashoka Buildcon

28/11/2024 04:58

** Shares of highway developer Ashoka Buildcon  ABDL.NS  rise as
much as 3.3% to 242.8 rupees 
** Highway developer wins an engineering, procurement and
construction project worth 1.93 bln rupees ($22.9 mln) from
Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company 
    ** ABDL has been above its 200-day SMA since July 2023,
indicating bullish sentiment
    ** Avg rating of nine analysts covering the stock is "buy"
and median PT is 253 rupees, ~5% higher than current price -
LSEG data
    ** ABDL last up 2%, extending YTD gains to ~72%
     
     
    ($1 = 84.4630 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))