India's Power Mech Projects hits record high after order wins
29/01/2024 07:24
** Shares of Power Mech Projects POMP.NS rise as much as
3.8% to hit a record high of 5,122.25 rupees
** Engineering and construction co said it has won orders
worth 6.45 bln rupees ($77.6 mln)
** Stock on track for a third consecutive session of gains,
if trend holds
** POMP was up for the seventh straight quarter in the Dec
quarter
** Trading vol 1.7x the 30-day daily avg
** POMP up 116.3% in 2023, its third straight year of gains
** POMP up ~19% so far in 2024
($1 = 83.1375 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))