India's J. Kumar Infraprojects hits record high on bulk deals

J Kumar Infraprojects

18/12/2023 06:14

** Shares of J. Kumar Infraprojects  JKIP.NS  rise 3.7% to a
record high of 504 rupees
    ** Rise after Abakkus Diversified Alpha Fund and Abakkus
Diversified Alpha Fund-2 bought 500,000 shares each of co in two
bulk deals, as per NSE data
    ** JKIP set for third consecutive year of gains
    ** Peers KNR Constructions  KNRL.NS  and PNC Infratech
 PNCI.NS  are also trading in the green, up 0.04% and 1.3% each 
    ** JKIP trading above its 200- day simple moving average
since early June 
    ** About 1.1 mln shares change hands, 3.3 times the 30-day
average 
    ** Stock rises more than 83% YTD 


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))