India's GR Infraprojects rises 4% on securing multiple road projects

G R Infraprojects

03/04/2023 05:48

** Shares of G R Infraprojects  GINF.NS  rise as much as
3.92% to 1,044 rupees
    ** Co receives a letter of award post market hours on Friday
from National Highways Authority of India for construction of
four-lane highway in Telangana; project cost is 8.48 bln rupees
    ** The road engineering procurement and construction (EPC)
company also secures a letter of award worth 12.48 bln rupees
from NHAI for construction of six-lane highway in Bihar
    ** About 65,332 shares change hands as of 10:14 a.m. IST,
0.6x the 30-day avg of 114,177 shares - Refinitiv data
    ** Of the 13 analysts tracking GINF, nine maintain "buy",
one suggests "sell" and three recommend "hold"; median TP is
1,400 rupees




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))