India's KNR Constructions rises after deal with Indus Infra Trust

Indus Infra Trust

26/12/2025 04:25

** Shares of KNR Constructions Ltd KNRL.NS rise as much as 8.8% to 186 rupees, highest since Oct. 31
** Infra co executed share purchase agreements with Indus Infra Trust for sale of four special purpose vehicles
** Adds, co expected to receive a total sum of 15.43 bln rupees ($171.6 mln)
** Stock on track to gain for fifth straight day
** More than 10.1 mln shares traded as of 9:49 A.M. IST, 5.9x their 30-day moving avg
** Mean rating of stock is 'hold'; their median PT is 191.5 rupees - data compiled by LSEG
** KNRL last up 5.5%, cutting YTD losses to 50.6%

($1 = 89.9225 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))