India's J. Kumar Infraprojects hits over 4-month low

J Kumar Infraprojects

17/10/2022 10:01

** Shares of infrastructure projects contractor J. Kumar
Infraprojects Ltd  JKIP.NS  fall as much as 8% to 235.30 rupees,
their lowest since May 30
    ** JKIP posted sharpest intraday pct loss since June 20
    ** Stock down for 7 straight sessions
    ** More than 541,000 shares traded as of 0855 GMT, 2.7X
their 30-day moving avg of 197,872 shares 
    ** Three of 5 brokerages rate the stock "buy" or higher and
2 "hold"; their median PT is 363 rupees - Refinitiv data
    ** Shares up ~58.2% YTD, as of last close
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))