India's Techno Electric hits record high on order wins

Techno Electric & Engineering

29/12/2023 05:40

** Shares of Techno Electric & Engineering Co  TEEC.NS  up
7.72% to a record high of 844.5 rupees
    ** Power infra co receives orders worth 17.50 bln rupees
(nearly $211 mln) for transmission and advance metering
infrastructure
    ** Co has been trading above its 200-day simple moving avg
since Oct 2022 
    ** Stock sees busiest trading day since Feb
    ** About 1.2 mln shares change hands, 5.3x the 30-day avg
    ** Stock on track to post highest yearly, quarterly gains
since 2014
    ** Including today's gains, stock is up ~144% YTD 




($1 = 83.1170 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))