India's Dhruv Consultancy slides on two-year debarment notice from highways agency

Dhruv Consultancy Services

12/03/2025 07:56

** Shares of infrastructure consultancy Dhruv Consultancy Services DHUR.NS down 5% to 89.9 rupees

** DHUR receives notice of debarment from their client National Highways Authority of India (NHAI) from participating in future bids for two years

** Co says debarment will not impact existing order book or restrict co from bidding on projects from other clients

** Stock has been below its 50-day, 100-day, 200-day simple moving avgs since early Feb, indicating bearish sentiment

** DHUR extends YTD losses to ~26%, after more than doubling in 2024

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))