India's RPP Infra Projects hits over 5-year high on order win

RPP Infra Projects

01/01/2024 04:04

** Shares of RPP Infra Projects  RPPI.NS  hit upper circuit
after rising ~5% to 121.95 rupees, their highest since Sept.
2018 
    ** Construction firm wins order worth 1.84 bln rupees ($22.1
mln)
    ** RPPI rose ~5% to hit upper circuit on Friday after it won
orders worth 377.7 mln rupees 
    ** Stock on track to rise for seventh straight session 
    ** Trading vol nearly twice the 30-day moving avg 
    ** Stock surged ~186% in 2023 after falling ~38% in 2022

($1 = 83.1575 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))