Australia's Mayfield surges on contract win

Mayfield group

25/03/2025 01:38

** Shares of Mayfield Group Holdings MYG.AX rise 10.4% to A$1.06, set for their strongest trading session since February 26, if gains hold

** The electrical and telecom equipment provider secures a new contract valued at A$20 million ($12.59 million)

** Contract with unknown data centre operator for delivery of 18 modular power distribution stations in Victoria

** Stock up ~40% YTD, including current session's moves

($1 = 1.5891 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))