India's Maestros Electronics jumps on order win

Maestros Electronics & Telecommunications Systems

18/04/2024 05:38

** Shares of Maestros Electronics & Telecommunications
Systems  MAES.BO  rise as much as 18.5% to 143.4 rupees; last up
8.2% 
    ** The medical equipments developer bagged contract worth
44.7 mln rupees ($535,153) from Director General Armed Forces
Medical Service for equipment supply
    ** This is second order win for MAES so far this year, per
exchange filings 
    ** Stock inches above its 50-day simple moving avg
    ** Trading volumes over 2x the 30-day avg 
    ** Including session's gains, shares up ~32% so far this
year 

($1 = 83.5275 Indian rupees)  

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))