India's Salasar Techno rises on $17.5 mln order from Nepal

Salasar Techno Engineering

18/01/2023 06:26

** Shares of construction engineering company Salasar Techno
Engineering Ltd  SALA.NS  rise as much as 4.9% to 52.10 rupees,
marking their sharpest intraday pct gain since Dec. 28, 2022
    ** Co receives order worth 1.43 billion rupees ($17.52
million) from Nepal Electricity Authority (NEA) for work on
substations, lines and distribution system networks in three
districts 
    ** Stock has stayed above its 50-, 100- and 200-day moving
averages since Nov. 17, 2022
    ** About ~1.7 mln shares change hands by 11:38 a.m. IST,
0.7x 30-day avg of ~2.5 mln shares
    ** Stock had risen 115.9% last year
($1 = 81.6350 Indian rupees)
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))