India's Isgec Heavy Engineering hits 2-week high on order wins

Isgec Heavy Engineering

20/12/2022 08:12

** Shares of Isgec Heavy Engineering Ltd  ISGE.NS  rise as
much as 3.9% to 534 rupees, highest level since Dec 5 
    ** ISGE said on Tuesday it won two major orders for dry
sorbent injection system package from power utilities in
Maharashtra and West Bengal
    ** Dry sorbent injection system helps control emissions of
sulphur oxides
    ** Stock gained most since Nov 30, when it rose above its 50
and 100-day moving averages 
    ** ~88,000 shares traded as of 01:24 p.m. IST, 1.5x the 30
day moving average 
    ** Up to last close, stock down ~15.5% YTD 
 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com;))