India's Salasar Techno Engineering hits highest in 3 months on order win

Salasar Techno Engineering

04/12/2023 06:00

** Shares of Salasar Techno Engineering   SALA.NS  rise as
much as 7.6% to 55 rupees, highest since Sept. 7
    ** The iron and steel maker said on Friday it got an EPC
contract worth 3.64 bln rupees ($43.7 million) from Tamil Nadu
Generation And Distribution Corp
    ** SALA trading above its 50-day, 100-day and 200-day simple
moving averages
    ** More than 1.5 mln shares change hands by 11:20 a.m. IST,
1.7x their 30-day avg
    ** Stock currently up 3.5%, bumping YTD gains to 2.3%

($1 = 83.3090 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))