India's HEC Infra Projects surges after order wins

HEC Infra Projects

17/08/2023 07:50

** Shares of HEC Infra Projects  HECF.NS  up as much as 10% to
40.35 rupees, highest level since June 23
    ** Stock sees biggest intraday pct gain since Aug. 9
    ** On track for second consecutive session of gains, if
trend holds 
    ** Electrical engineering services co receives multiple work
orders aggregating to 222.5 mln rupees ($2.68 mln) and 370.1 mln
rupees
    ** Order from Haryana Vidyut Prasaran Nigam for work on 66
kV GIS substation in Gurugram, and 132 Kv and 66 kV composite
transmission lines in Faridabad, Rohtak and Sirsa  
    ** Shares trading above 50-day, 100-day, 200-day moving
averages, suggesting bullish trend
    ** As of last close, stock down 36.2% YTD 

($1 = 83.1350 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))