India's Techno Electric & Engineering Co hits more than 3-month high on order win

Techno Electric & Engineering

28/11/2022 07:30

** Shares of power co Techno Electric & Engineering
 TEEC.NS  rise as much as 7.26% to 321.90 rupees; sharpest
intraday pct gain since Aug. 17
    ** Stock of co hits highest level since Aug. 17, on track
for a sixth consecutive session of gain
    ** Co says has won orders worth 7 bln Indian rupees  ($85.66
mln)
    ** More than 324,00 shares change hands by 0723 GMT, 2.7x
30-day avg of 121,914 shares
    ** All 5 analysts covering the stock have a "buy" or "strong
buy" rating; median PT is 370 rupees - Refinitiv data
    ** Stock up 24.76% YTD, as of last close
    ($1 = 81.7175 Indian rupees)
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))