India's HG Infra Engineering hits record high on $497 mln order win

HG Infra Engineering

22/05/2024 10:06

** Shares of HG Infra Engineering  HGIN.NS  up 9.5% to a record
high of 1,539.4 rupees
    ** Co won order for expressway development projects worth
41.42 bln rupees ($497.5 mln) in Maharashtra
    ** Avg rating of 11 brokerages is "buy", their median PT is
1,338 rupees - LSEG data
    ** Around 1.6 mln shares traded, 4.2x the 30-day avg
    ** Including session's gains, stock up ~89% YTD

($1 = 83.2515 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))