India's G R Infra rises after order win

G R Infraprojects

10/10/2024 05:09

** Shares of GR Infraprojects  GINF.NS  rise as much 4.4% to
1,715 rupees
    ** Stock among top gainers on Nifty midcap 50 index
 .NIMDCP50 , which is up 0.53%
    ** The construction and engineering co said on Wednesday it
got a letter of acceptance worth 9.04 bln rupees (~$108 mln)
    ** Order from Maharashtra Metro Rail Corp for design and
construction of elevated metro viaduct
    ** Nine analysts covering the stock have a "hold" rating;
median PT is 1,615 rupees - LSEG data
    ** Stock up 48% so far this year vs a 22% rise in rival PNC
Infratech's  PNCI.NS  shares and a 78% jump in HG Infra
 HGIN.NS 

   ($1 = 83.9550 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))