Indian Hume Pipe Co posts biggest intraday jump in 4 months on order win

Indian Hume Pipe

07/10/2022 05:47

** Shares of Indian Hume Pipe Co Ltd  IHME.NS  rise as much
as 14.3% to 185.65 rupees, their highest since Sept. 22
    ** Stock posts biggest intraday pct gain since May 27, 2021
    ** The water projects construction firm said on Thursday it
got an order worth 1.94 bln Indian rupees ($23.6 mln)
    ** More than 747,000 shares change hands by 0433 GMT, 12.1x
30-day avg of 62,221 shares
    ** Stock down 16.5% so far this year up to last close
    
 ($1 = 82.2600 Indian rupees)
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))