India's R.P.P Infra Projects jumps on order win

RPP Infra Projects

05/04/2023 09:08

** Shares of R.P.P Infra Projects Ltd  RPPI.NS  rise as much
as 8.8% to 44.6 rupees, highest since March 23
    ** RPPI up 5.6% as of 1:32 p.m. IST, set to rise for a
fourth straight session if gains hold
    ** Co wins order worth 4.91 bln rupees ($59.77 mln)
    ** Stock moves above its 50-day, 100-day, and 200-day simple
moving avgs
    ** More than 246,450 shares traded by 1:32 a.m. IST, 2.8x
30-day avg of 88,299 shares
    ** Volume above 200,000 for first time since March 23
    ** Stock extends YTD gains to ~6%, after falling 38.4% in
2022



($1 = 82.1480 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))