ITD Cementation India hits record high on 33 bln rupee order win

Cemindia Projects

01/09/2023 05:17

** Shares of engineering, construction company ITD Cementation India
 ITCM.NS  rise as much as 13.4% to 246.5 rupees, a record high
    ** Stock of ITCM sees sharpest intraday pct gain since June 8, 2022, on
track for a fourth consecutive session of gain, if trend holds
    ** ITCM on Thursday secured a marine contract worth 32.9 billion rupees 
($398.20 million) 
    ** More than 5.6 mln shares change hands by 09:33 a.m. IST, 3.6x the 30-day
avg 
    ** Stock up 82.5% so far this year, up as much as ~15.6% in the week

($1 = 82.6225 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))