India's Power Mech Projects rises on $48 mln order win
27/02/2024 04:26
** Shares of Power Mech Projects Ltd POMP.NS rise as much
as 3.7% to 5,398 rupees
** Engineering co says it got order worth 3.96 bln rupees
($47.8 mln) for construction of electrified railway line in the
state of Chhattisgarh
** Stock on track to gain for fourth straight day and month
** Stock trading above its 200-day simple moving avg since
Aug 4, 2022
** POMP last up 2.5%, driving YTD gains of ~24%
($1 = 82.8775 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
((meenakshi.maidas@thomsonreuters.com;))