India's Sarda Energy and Minerals jumps on order win

Sarda Energy & Minerals

16/01/2024 04:09

** Shares of Sharda Energy and Minerals  SAEM.NS  rise by as
much as 5% to 260.95 rupees
    ** Posts biggest intraday pct gain since Dec. 13, 2023
    ** Co secures contract worth 1.50 billion rupees ($18.08
million) to install 50 MW solar power plant in eastern Indian
state of Chhattisgarh
    ** Stock on track for second consecutive session of gains,
if trends hold 
    ** Stock has been trading above its 200-day moving average
since Dec. 26, 2022.
    ** Stock gained over 143% in 2023, its best annual gain in
five years 

($1 = 82.9600 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))