India's Raminfo rises after unit's $35 mln contract win

Raminfo

05/03/2024 08:18

** Shares of Raminfo  RINF.BO  rise as much as 20% to 169.1
rupees 
    ** Raminfo said on Tuesday its unit has been awarded a
contract for the operation and management of 271 mobile
veterinary units in Rajasthan
    ** Contract is valued at 2.89 bln rupees (about $35 mln)
    ** Stock touches highest level since February 2022, and
posts biggest intraday pct gain since last December
    ** The current market cap, including session's gains, stands
at 1.13 bln rupees, according to BSE data
    ** Stock up 20.2% so far this year    
    
   ($1 = 82.8900 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))