India's Isgec Heavy Engineering hits 7-week high on $60.54 mln order

Isgec Heavy Engineering

09/02/2023 04:16

** Shares of Indian machinery and equipment maker Isgec
Heavy Engineering  ISGE.NS  rise as much as 5% to 499 rupees -
highest level since Dec. 22
    ** Co said it got order worth 5 bln rupees ($60.54 million)
for oil and gas fired boilers for refinery project in Haryana
    ** Stock on track to rise in fourth straight session, if
gains hold
    ** Stock traded above its 200-day moving average for the
first time since Dec. 22
    ** Over 66,000 shares traded as of 9:41 am IST, 1.5X the
30-day moving average
    ** Stock fell 21.2% last year
($1 = 82.5950 Indian rupees)
 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com;))