India's G R Infraprojects rises after emerging as lowest bidder for highway project

G R Infraprojects

04/05/2023 05:14

** Shares of G R Infraprojects Ltd  GINF.NS  rise 2.9% to
1026 rupees
    ** Road engineering procurement and construction co emerges
as lowest bidder for highway construction project by Ministry of
Road Transport and Highways
    ** Bid project cost at 7.37 billion rupees ($90.3 million)
    ** Moving Average Convergence Divergence (MACD) line above
signal line since March 29, suggesting bullish momentum
    ** About 20,887 shares change hands by 9:24 a.m. IST, vs
30-day avg of 94,284 shares
    ** Stock down 1.5% so far this qtr vs ~12% decline for
Jan-Mar qtr; down 10.41% so far this year


($1 = 81.6625 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))