India's RPP Infra Projects jumps on multiple order wins

RPP Infra Projects

17/02/2023 04:27

** Shares of RPP Infra Projects  RPPI.NS  up as much as
13.8% at 46.5 rupees, highest since Jan. 25 
    ** Co reports sharpest intraday gain since Jan. 11
    ** Co on track for second consecutive week of gains if
trends hold 
    ** Construction and engineering co says it won multiple
construction orders in Chennai, amounting to 1.84 billion rupees
($22.2 million)
    ** RPPI trading above its 50-, 100- and 200-day moving
averages, indicating bullish pattern
    ** Nearly 200,000 shares traded as of 9:32 a.m. IST, 0.6x
30-day average
    ** Stock up 0.74% YTD up to last close, after posting 38.4%
loss in 2022
    ($1 = 82.7430 Indian rupees)
 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))