India's Vascon Engineers rises most in 3 weeks on receiving LOA worth $19 mln

Vascon Engineers

23/03/2023 06:58

** Shares of Vascon Engineers Ltd  VASC.NS  rise as much as
4.1% to 27.80 rupees, marking their sharpest intraday pct gain
since March 1
    ** Shares hit their highest since March 17 
    ** Construction engineering co receives letter of acceptance
(LOA) worth 1.58 billion rupees ($19.23 million) from
Superintending Engineer PMGSY Circle, Public Works Department of
 Uttar Pradesh
    ** LOA for design, engineering and construction work at
Amethi, to be completed within 18 months
    ** Stock trading below its 50-, 100-, and 200-day moving
averages
    ** More than 604,660 shares change hands by 12:12 p.m. IST,
1x 30-day avg of 629,033 shares
    ** Stock last up 2.3%, cutting YTD losses to 18.6%


($1 = 82.1570 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((Dimpal.Gulwani@thomsonreuters.com;))