India's RPP Infra Projects rises on order wins

RPP Infra Projects

23/03/2023 10:03

** Shares of construction and engineering co RPP Infra
Projects  RPPI.NS  rise as much as 15.19% to 45.50 rupees, its
sharpest intraday pct gain since Jan. 11
    ** Stock at highest level since Mar. 9, on track for third
consecutive session of gain, if trend holds
    ** RPPI says it has won 1.71 bln rupee ($20.81 mln) order in
a joint venture
    ** Adds it has also won another order worth 1.05 bln rupees
    ** Share price above 50-, 100- and 200-day moving averages,
suggesting bullish trend
    ** Stock's moving average convergence divergence (MACD) line
above signal line, indicating bullish bias
    ** Stock witnessing its most active trading session in over
a month
    ** More than 357,000 shares change hands by 3:00 p.m. IST,
4.9x 30-day avg of 73,111 shares
    ** Stock down 2.59% YTD, as of last close



($1 = 82.1900 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))