India's Kalpataru Projects rises after $280 mln order win

Kalpataru Projects International

25/06/2024 05:04

** Shares of Kalpataru Projects International  KAPT.NS  rise
as much as 3.4% to 1,213 rupees 
    ** The construction and engineering co gets orders worth
23.33 billion rupees ($279.5 million) in its transmission and
distribution business in India and overseas markets
    ** KAPT stock on track for fourth straight session of gains,
if trend holds
    ** Eleven analysts covering the stock on average have a
"buy" rating; median PT is at 1,241 rupees - LSEG data
    ** Stock up ~70% YTD, had gained ~27% in 2023 for a third
straight annual gain

    ($1 = 83.4630 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))