India's Bigbloc Construction rises on JV's service contract

Bigbloc Construction

26/06/2023 07:15

** Shares of Bigbloc Construction  BIGB.NS  rise as much as
5.7% to 164 rupees, their biggest intraday pct gain since June 9
    ** Co says its joint venture Siam Cement Big Bloc
Construction Technologies has entered into agreement for supply
of machinery and technical services
    ** Stock above 50-, 100- and 200-day exponential moving
averages since May 11, suggesting bullish momentum
    ** About 131,700 shares traded by 11:29 a.m. IST, roughly
equal to 30-day avg - Refinitiv data
    ** Stock up 7.8% YTD as of last close

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))