India's HG Infra rises on winning 8.99 bln rupee-order

HG Infra Engineering

25/07/2024 07:25

** Shares of HG Infra Engineering  HGIN.NS  climb 4.3% to
1,711.45 rupees
    ** Co won order worth 8.99 bln rupees ($107.4 mln)
    ** Stock rated "strong buy" on avg, rival KNR Constructions
 KNRL.NS  rated "buy" - LSEG data
    ** HGIN stock doubled from last year, KNRL up ~47%

($1 = 83.7120 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))