India's HG Infra jumps on 7.16 bln-rupee project win

HG Infra Engineering

13/09/2024 04:52

** Shares of HG Infra Engineering  HGIN.NS  jump 3.8% to
1,558.9 rupees, looking to snap two straight sessions of decline
    ** Co gets Central Railways project worth 7.16 bln rupees
($85 mln) to construct a new broad-gauge railway line in
Maharashtra
    ** Avg rating of 11 analysts covering stock is "buy" - LSEG
data
    ** HGIN climbs 83% YTD vs peers Ashoka Buildcon  ABDL.NS 
and GR Infra  GINF.NS , which are up 79% and ~42%, respectively

($1 = 83.9210 Indian rupees)

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