India's HG Infra rises after consortium bags $64 mln solar project

HG Infra Engineering

26/03/2024 04:59

** Shares of construction firm HG Infra Engineering
 HGIN.NS  up 2.4%, easing from a session-high jump of 3.3%
    ** Co's consortium with Stockwell Solar Services won order
worth 5.34 bln rupees (roughly $64 million) for a solar project
    ** HGIN, rated "strong buy" on average by 10 analysts,
currently trading ~20% below its median TP - LSEG data
    ** YTD, stock has risen over 8%, following a ~37% jump in
2023

($1 = 83.3525 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))