India's PSP Projects hits record high on bagging $15 mn work order
12/12/2022 04:29
** Shares of construction company PSP Projects Ltd PSPP.NS
rise as much as 4% to 688.50 rupees, hitting a record high
** Co said on Friday that it received a work order worth
1.22 billion rupees ($14.77 million) from Nila Spaces Ltd
NILS.NS , a real-estate company, for the civil construction of
a residential project at Gandhinagar, Gujarat
** More than 716,000 shares change hands by 9:42 a.m. IST,
6.2X 30-day avg of 115,591 shares
** All eight of the analysts covering the stock have a "buy"
or "strong buy" rating; median PT is 693 rupees - Refinitiv data
** Stock up 36.4% YTD up to last close
($1 = 82.6120 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
((dimpal.gulwani@thomsonreuters.com))