India's HG Infra gains on 7.81 bln-rupee project win

Ashoka Buildcon

10/09/2024 04:59

** Shares of HG Infra Engineering  HGIN.NS  jump ~5%,
snapping six straight sessions of decline
    ** Co gets order worth 7.81 bln rupees ($93 mln) from the
Ministry of Road Transport and Highways to upgrade a six-lane
road in Gujarat
    ** Avg rating of 11 analysts covering stock is "buy" - LSEG
    ** At current price, HGIN up ~81% YTD vs peers Ashoka
Buildcon  ABDL.NS  and GR Infra  GINF.NS , which are up 86% and
~47%, respectively

($1 = 83.9570 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))