India's RPP Infra Projects hits 1-1/2-yr high on order win

RPP Infra Projects

18/07/2023 05:12

** Shares of RPP Infra Projects Ltd  RPPI.NS  rise as much
as 9.1% to 68.6 rupees, highest since Jan. 31, 2022
    ** Construction firm on Monday said it won an award with JV
partner HS Engineers an order worth 1.38 bln rupees ($16.83
million) 
    ** Stock trading above its 50-, 100-, and 200-day moving
averages, suggesting bullish bias 
    ** Stock up ~64.6% YTD 

($1 = 81.9980 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))