India's H.G. Infra Engineering up after JV wins project

HG Infra Engineering

24/11/2025 04:07

** H.G. Infra Engineering Ltd HGIN.NS rises as much as 6.1% to 916.3 rupees

** Co and partner Kalpataru Projects International KAPT.NS declared as L-1 bidder by Maharashtra Metro Rail Corporation in a joint venture bidding

** HGIN has 40% share in the JV worth 14.15 bln rupees ($158.8 mln)

** More than 447,000 shares traded as of 9:31 a.m. IST, 6.4x their 30-day moving avg

** Mean rating of stock is "strong buy"; their median PT is 1,335 rupees - data compiled by LSEG

** HGIN last up 5%, cutting YTD losses to 43.1%

($1 = 89.1760 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))