India's ITD Cementation up 3% on order win

Cemindia Projects

15/02/2023 05:27

** Shares of ITD Cementation India Ltd  ITCM.NS  rise as
much as 2.8% to 107.8 rupees, biggest pct gain since Feb. 9
    ** Co reported on Wednesday that it has secured new order
worth 8.33 billion rupees ($100.54 million)
    ** ITCM is trading above its 200-day simple moving average
    ** Three of the 5 analysts covering the stock have a "buy"
or "strong buy" rating, 2 has "hold"; median PT is 126 rupees -
Refinitiv data
    ** Stock down 11.9% YTD up to last close
($1 = 82.8500 Indian rupees)
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))