India's Likhitha Infrastructure hits 3-week high after order win

Likhitha Infrastructure

03/01/2023 04:36

** Likhitha Infrastructure Ltd  LIKI.NS  rises as much as
6.5% to 247.2 rupees, its highest since Dec. 13
    ** Pipeline networks service provider said on Monday it got
orders worth ~ 1.20 bln rupees ($14.51 million) from various oil
and gas distribution companies
    ** Stock set to rise for a third straight session, if gains
hold
    ** LIKI above 50-day, 100-day and 200-day moving averages
since Dec. 28, suggesting a bullish mood
    ** More than 187,500 shares traded by 09:57 a.m., vs 30-day
avg of 883,378 shares
    ** Stock had risen 31% last year
($1 = 82.7230 Indian rupees)
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com; +91 8075473630;))