India's Generic Engineering Construction And Projects soars after order win

Generic Engineering Construction and Projects

04/10/2021 10:18

** Shares of Generic Engineering Construction And Projects
 GENN.NS  surge as much as 20% to 51.05 rupees - biggest
intraday pct gain
    ** Stock rises to highest since Aug. 2 
    ** Co says https://bit.ly/3mk3HAR won work orders worth 1.80
bln rupees ($24.21 million) in Bangalore and Mumbai
    ** Work order includes construction of commercial complex
and residential building  
    ** Over 519,000 shares change hands by 0912 GMT, 16.4 times
their 30-day avg volume of 31,734 shares   
    ** GENN, which was listed on NSE in Feb, had slumped 24.6%
this year, as of last close vs 25.39% gain in the benchmark
index Nifty 50  .NSEI  

($1 = 74.3600 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))