India's J. Kumar Infraprojects rises on 10.21-billion-rupee contract win

J Kumar Infraprojects

24/03/2025 06:52

** Shares of J. Kumar Infraprojects JKIP.NS up 3.5% to 701 rupees

** Infrastructure projects contractor wins project worth 10.21 bln rupees ($119 mln) for construction of coastal road and pedestrian underpass in Navi Mumbai

** Stock set to rise for a fourth straight session, moves above its 50-day simple moving avg

** JKIP trims YTD losses to ~8.5%

** Stock rose 32.2% in 2024, gaining for fourth straight year

($1 = 85.8360 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))