India's H.G. Infra rises after unit's battery energy storage deal

HG Infra Engineering

24/12/2024 04:42

** Shares of H.G. Infra Engineering Ltd  HGIN.NS  rise as
much as 5.8% to 1,543.8 rupees 
    ** Infra co says unit entered into battery energy storage
purchase agreement with NTPC Vidyut Vyapar Nigam Ltd for
procurement of 185 MW/ 370 MWH on long term basis
    ** Stock on track to snap 5-month losing streak; gained
13.3% so far in Dec.
    ** More than 244,000 shares traded as of 10:06 a.m. IST, vs
their 30-day moving avg of 147,264 shares
    ** Mean rating of stock is 'strong buy'; their median PT is
1,779 rupees - data compiled by LSEG 
    ** HGIN last up 3.2%, adding to YTD gains of 78.6% 

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))