India's Bondada Engineering hits record high on $112 mln order win

Bondada Engineering

13/06/2024 05:45

** Shares of Bondada Engineering  BOND.BO  rise 5% to a
record high at 2,320.80 rupees, hitting upper circuit 
    ** Construction and engineering co receives letter of award
from NLC India  NLCI.NS  worth 9.39 bln rupees ($112.4 mln)
    ** BOND trading above its 50-day and 100-day simple moving
averages since Nov. 10 and Jan. 25, respectively
    ** Eyes ninth consecutive session of gains, if current
trends hold
    ** Including today's gain, the stock is up 35.7% so far in
June; its value has surged over 15 times since its listing on
Aug. 30


($1 = 83.5330 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))