India's HG Infra Engineering rises on tax demand withdrawal
06/10/2026 09:50
BUZZ-India's HG Infra Engineering rises on tax demand withdrawal ** Shares of India's HG Infra Engineering HGIN.NS up 3.1% to 416.45 rupees
** Stock on track to snap six sessions of losses, if current trend holds
** The construction and engineering company says Karnataka commercial tax department drops tax demand of 940 million rupees ($9.75 million)
** Company says proceedings have been closed with no tax, interest and penalty payable
** Stock rated "buy" on avg by nine analysts, with median PT of 718 rupees - data compiled by LSEG
** HGIN stock down 45.54%, YTD
($1 = 96.4325 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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