India's J Kumar Infraprojects hits record high on project win

J Kumar Infraprojects

17/10/2023 07:02

** Shares of J Kumar Infraprojects  JKIP.NS  jump 5.1% to
record high to 473 rupees
    ** JKIP says got letter of acceptance worth 5.09 bln rupees
($61.16 million) for a project at Lucknow 
    ** More than 419,000 shares traded by 11:26 a.m. IST, 1.3x
their 30-day avg
    ** Stock also gained about 5% on Monday on a contract win 
    ** Stock last up ~4%, taking gains to ~72% YTD
 
 ($1 = 83.2270 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))