India's Skipper hits near 5-yr high on $139-mln order win

Skipper

19/06/2023 05:11

** Shares of Skipper  SKIP.NS  up as much as 14.5% to 164.85
rupees, their highest since July 25, 2018
    ** Co on Saturday said it won order worth 11.35 bln rupees
($138.5 mln)
    **Order for supply and construction of new transmission line
projects for Powergrid Corp and tower and pole export supplies
to Latin America, Middle East and North Africa region
    **SKIP on track to rise for third straight session, if gains
hold
    ** Over 1.8 mln shares change hands in early trade, 3.9x the
30-day moving avg
    ** As of last close, stock down 9.5% so far this year

($1 = 81.9700 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))