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SOLEX Solex Energy News Story

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EnergyHighly SpeculativeSmall CapMomentum Trap

India's Solex Energy hits over 5-month high on order win

** Shares of Solex Energy  SOEX.NS  rise as much as 16.8% to
720 rupees, highest since Aug. 28
    ** Electric utilities maker receives work order worth 129.2
mln rupees ($1.6 mln)
    ** More than 28,000 shares traded, 1.1x the 30-day avg
    ** Stock trading above 200-day simple moving avg since Jan.
3
    ** SOEX gained 13% so far this week


($1 = 83.0075 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))

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