Australia's SKS Technologies surges on $64 mln data centre contract

SKS Technologies

22/05/2025 02:00

** Shares of SKS Technologies rose as much as 28.1% to A$1.960, their highest since March 28; last up 24.2%

** Stock set for its strongest session since June 30, 2022, if current trends hold

** Tech solutions co receives award for data centre project for about A$100 million ($64.38 million) in Melbourne

** About 344,475 shares change hands, 1.7x the 30-day average of 201,087 shares

** Stock up 2.7% YTD, including current session's moves

($1 = 1.5533 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com))