India's Dhruv Consultancy rises on getting highway project

Dhruv Consultancy Services

07/12/2022 05:18

** Shares of Dhruv Consultancy Services Ltd  DHUR.NS  rise
as much as 7.61% to 62.95 rupees, biggest intraday pct gain
since Nov. 28 
    ** The infra-consultancy co said on Tuesday that it got a
letter of acceptance from the National Highway Authority of
India for a four-lane project of Neraluru Thorapalli Agraham
section of NH-844, between Karnataka and Tamil Nadu
    ** DHUR to receive 50.1 mln rupees ($607,346.35) for the
project with a contract period of 48-months  
    ** ~27,000 shares change hands by 10:30 a.m. IST vs 30-day
avg of ~22,000 shares
    ** Stock up 1.3% so far this year, up to last close 
($1 = 82.4900 Indian rupees)
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))