India's KNR Constructions hits near 3-week high on $80.55-mln order win

KNR Constructions

02/03/2023 04:08

** Shares of KNR Constructions Ltd  KNRL.NS  rise as much as 3.3% to 266.75
rupees, marking sharpest intraday pct gain since Feb. 6
    ** Stock hits highest level since Feb. 10, on track for fourth consecutive
session of gains
    ** Engineering, procurement and construction company receives order worth
6.65 billion rupees ($80.55 million)
    ** More than 188,000 shares change hands by 9:28 a.m. IST, 0.8x the 30-day
avg
    ** Analysts on avg have a "buy" rating on the stock; median PT is 308 rupees
- Refinitiv data
    ** Stock up 2.42%, as of 9:30 a.m. IST
        
  


($1 = 82.5600 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))