India's HG Infra jumps on stake sale, Adani order boost

HG Infra Engineering

08/06/2026 05:13

** Shares of HG Infra Engineering HGIN.NS rise as much as 10% to 603.90 rupees
** Highways developer sold a 49% stake in its unit H.G. Raipur Visakhapatnam OD-5 to Neo Infra Income Opportunities Fund for 3.77 billion rupees ($39.57 million) on Friday 
** Unit contributed 6.22% to consolidated revenue in FY26
** Co also received a 49.71 billion-rupee order from Adani Road Transport on Saturday for Ganga Expressway in Uttar Pradesh state
** Twelve analysts have a "buy" rating on avg; median PT is 769 rupees - data compiled by LSEG
** YTD, HGIN down ~21%


($1 = 95.2750 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)
 ((UrviManoj.Dugar@thomsonreuters.com;))