India's HG Infra Engineering jumps after contract win

HG Infra Engineering

02/04/2024 08:01

** Shares of construction firm HG Infra Engineering
 HGIN.NS  surge nearly 11% to a record high of 1,098.85 rupees
    ** HGIN says Stockwell Solar Services consortium with co got
letters of award worth 1.56 bln rupees ($18.7 mln) from Jodhpur
Vidyut Vitran Nigam for solar power plants projects 
    ** If gains hold, stock on track for best day since late
April 2022 
    ** Analysts' avg rating is 'strong buy', median target is
1,170 rupees - LSEG
    ** Stock up 29% YTD after a 36.7% climb in 2023
    


($1 = 83.3390 Indian rupees)

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