India's Bajel Projects gains most in 7-1/2 months on contract win

Bajel Projects

13/12/2024 04:29

** Shares of Bajel Projects  BAJL.NS  rise 8% to 265 rupees,
mark their best intraday pct gain since April 22
    ** Stock on track to snap five-day losing streak, if gains
hold 
    ** The electric utilities maker got a supply of goods and
services contract by Solapur Transmission, a special purpose
vehicle of Torrent Power  TOPO.NS 
    ** Order to establish 40,000 or 22,000 volts Solapur power
station and 40,000 volts line bays
    ** Co did not mention the financial terms of the deal
    ** More than 1.2 mln shares change hands, 5.7x its 30-day
avg, eyes most active trading session in over two months
    ** Stock has surged nearly twofold so far this year


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))