Australia's SKS Technologies hits record high on IT contract win

SKS Technologies

08/05/2026 03:52

** Shares of Australia's SKS Technologies SKS.AX rise as much as 8.6% to A$8.2, reaching a record high

** Stock hits biggest intraday pct gain since April 20

** Stock on track for fifth straight session of gains, if current trend holds

** Electrical technologies firm says it is awarded a contract from construction firm, Buildcorp Group, worth nearly A$22 million ($15.86 million), due for completion in 1Q28

** Stock up 21.7% so far this week, set for its best week in over a year

** YTD, stock up 94.8%

($1 = 1.3873 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))