India's G R Infraprojects gains on winning highway project
BUZZ-India's G R Infraprojects gains on winning highway project ** Shares of India's G R Infraprojects GINF.NS rise as much as 5.9% to 874.95 rupees, last up 1.3%
** Infrastructure firm says it received a letter from National Highways Authority of India declaring September 7 as the appointed date for Agra-Gwalior greenfield road project
** Adds estimated project cost stands at 4.26 billion rupees ($44.5 million)
** Co says project involves development of a 6-lane access-controlled greenfield highway across Uttar Pradesh, Rajasthan, and Madhya Pradesh states, along with strengthening works on National Highway 44
** More than 96,917 shares change hands, about 2.3x the 30-day average volume
** Stock rated "buy" on average by 10 analysts; median PT is 1,250 rupees - LSEG-compiled data
** Stock down 16.2% YTD
($1 = 95.7775 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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