India's G R Infraprojects hits 9-month high on $132-mln order win

G R Infraprojects

21/06/2023 05:19

** Shares of G R Infraprojects Ltd  GINF.NS  up as much as
4.2% at 1,319 rupees, their highest since Sept. 16, 2022
    ** Infrastructure development co said on Tuesday, after
market hours, that it received a letter of award from National
Highways Authority of India
    ** Bid project cost at 10.85 billion rupees ($132.2 million)
    ** Stock on track to rise for second-straight session, if
gains hold
    ** Over 40,000 shares change hands by 09:34 a.m. IST, 0.8x
the 30-day moving avg
    ** Nine of the 13 analysts covering the stock have a "buy"
or higher rating, three have hold while one rates it "strong
sell"; median PT is 1,391 rupees - Refinitiv data
    ** As of last close, stock up ~11% so far this year



($1 = 82.0700 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))