India's Bigbloc Construction up most in 15 months on green energy investment

Bigbloc Construction

31/03/2023 09:27

** Shares of non-toxic building materials maker Bigbloc
construction Ltd  BIGB.NS  up as much as 8.5% to 131.90 rupees,
biggest intra day pct gain since Dec. 10, 2021
    ** Co to invest upto 45 mln rupees ($547,272) to set up
450-KW solar rooftop facility at its Umargam and Kapadvanj
plants at invest 
    ** Post commission of the facilities, Bigbloc to replace
~33% of its power requirement at said plants with solar power
    ** Stock on track to rise for second straight session, if
gains hold 
    ** Over 70,000 shares change hands by 01:40 p.m. IST, 0.6x
the 30-day moving avg 
    ** As of last close, stock down 15.6% so far this year,
reversing its ~144% surge in 2022

($1 = 82.1950 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))