India's HG Infra jumps on stake sale, Adani order boost
08/06/2026 05:13
BUZZ-India's HG Infra jumps on stake sale, Adani order boost ** 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)
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