India's HG Infra Engineering rises as JV secures new orders

HG Infra Engineering

19/03/2024 04:44

** Shares of HG Infra Engineering  HGIN.NS  up 2.4% at 915.15
rupees, paring gains of 5% earlier in the session
    ** Co's joint venture with Stockwell Solar Services secures
an order for four solar projects from Jodhpur Vidyut Vitran
Nigam
    ** Orders valued at 10.26 bln rupees ($123.7 mln)
    ** About 320,000 shares traded as of 10:14 a.m. IST, 2.5x
the 30-day avg - LSEG data
    ** Avg rating of 10 analysts equivalent of 'strong buy' with
only one rating it an equivalent of 'hold;' median PT is 1,150
rupees - LSEG data

($1 = 82.9310 Indian rupees)

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