Indian Hume Pipe Co jumps on $77 mln order win

Indian Hume Pipe

18/08/2023 10:27

** Shares of Indian Hume Pipe Co  IHME.NS  rise as much as
9.3%, their sharpest intraday pct gain since July 20
    ** Water projects construction firm said it got an order
worth 6.39 bln rupees ($76.9 mln)
    ** Order for rural piped water supply project from the
government of Odisha
    ** Stock above 50-, 100- and 200-day exponential moving avgs
since June 5, indicating bullish trend
    ** More than 535,000 shares traded by 2:45 p.m. IST, 1.8x
its 30-day avg
    ** Including session's move, stock up ~85% YTD

($1 = 83.1110 Indian rupees)

 (Reproting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))