India's G R Infraprojects rises on multiple project wins

G R Infraprojects

23/03/2023 04:15

** Shares of G R Infraprojects  GINF.NS  rise as much as
4.8% to 1,012 rupees
    ** Construction firm, in a joint venture with Patel
Engineering, emerges as lowest bidder for project worth 36.37
billion rupees ($442.09 million) in Arunachal Pradesh
    ** Co also becomes lowest bidder for a Maharashtra road
project worth 8.72 billion rupees ($105.99 million)
    ** More than 87,000 shares change hands in early trade, 1.1x
the 30-day avg
    ** Nine of 13 brokerages rate the stock "buy" or higher, 3
"hold" and 1 "strong sell;" their median PT is 1,400 rupees -
Refinitiv data
    ** Stock down 15.3% this year, as of last close


($1 = 82.2690 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))