India's Omaxe hits upper circuit on $46 mln contract win

Omaxe

19/02/2024 04:18

** Shares of Omaxe  OMAX.NS  up 10%, hitting upper circuit
at 111.4 rupees
    ** Shares mark biggest intraday pct gain since mid-Oct 2023
    ** Real estate developer wins contract worth about 3.85
billion rupees ($46.4 million) from Uttar Pradesh State Road
Transport Corporation
    ** Stock rose ~2% in 2023, snapping a 5-year losing streak


($1 = 82.9860 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))