India's RPP Infra rises on agreement for Sri Lanka project development

RPP Infra Projects

05/12/2024 04:22

** Shares of RPP Infra Projects  RPPI.NS  rise as much as
11.2% to 227 rupees
    ** Construction and engineering co reaches in-principle
agreement with Wills Realtors for development of a project in
Sri Lanka 
    ** Co will also contribute a part of the required capex for
the project
    ** Stock set for third straight quarterly gain
    ** Stock has been above its 200-day SMA since June,
indicating bullish sentiment
    ** More than 521,000 shares traded, 2.7x 30-day moving avg
    ** RPPI last up 6.3%, extending YTD gains to ~88%

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))