India's J. Kumar Infraprojects up most in 3 weeks after contract win

J Kumar Infraprojects

21/03/2023 06:11

** Shares of J. Kumar Infraprojects Ltd  JKIP.NS  rise as
much as 4.3% to 249.6 rupees, biggest intraday pct. gain since
March 1 
    ** Company receives contract worth 1.82 bln rupees ($22.02
mln) from Bangalore Metro Rail Corporation Ltd for construction
of airport depot 
    ** Co's share in JV contract stands at 55%
    ** Trading volume at ~103,100 shares, 1.2x the 30-day avg of
~83,000 shares as of 11:20 a.m. IST
    ** Four of the five analysts covering stock have a "buy" or
higher rating, while one recommends "hold"; median PT is 385
rupees - Refinitiv data
    ** Up to last close, stock down 12% so far this year



($1 = 82.6500 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))