HG Infra Engineering

At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1

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As per analysts at Centrum Broking, the stock of HG Infra has headroom to re-rate as the company is continuing to deliver on growth and monetisation targets

As of December 31, 2022, the company's strong order book stood at Rs 11,064 crore

HG Infra and PNC Infratech hit respective 52-week highs in trades so far on Monday

The project namely construction of six lane greenfield Karnal Ring road starting from NH44 near Village Shamgarh and terminating at Karnal Munak Road Vill Samalakhal in Haryana.

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ONGC has signed 6 contracts for Discovered Small Fields (DSFs) under the DSF-III bid round. Contracts were signed for 3 offshore fields each in the Arabian Sea, Bay of Bengal

Among individual stocks, the technical analyst is bullish on HG Infra and CreditAccess Grameen.

The technical analyst from HDFC Securities expects the Nifty to find support around 17,450-odd levels.

The company received Letter of Award (LoA) from National Highways Authority of India (NHAI) for the projects worth of Rs 2,297 crore

CEAT shareholders approved the issuance of NCDs up to Rs 500 crore on a private placement basis

The company said the strict discipline in selecting and executing orders were translating into robust margins and return profile

In its regulatory filing, the company on Thursday said it has been declared L-1 (lowest) bidder by the NHAI for the construction of proposed Rewari Bypass (NH-1l) in Rewari, Haryana.

The stock was trading 2% higher at Rs 302, extending its past two days 10% surge on the BSE in otherwise weak market.

The stock has moved higher by 8% to Rs 294 on the BSE in noon deal in otherwise subdued market.

At 10:05 am; the stock was trading at Rs 268, 1% lower against issue price on the BSE.

This will be the sixth listing of the year after Aster DM Healthcare, which made its debut last month

The issue is in a price band of Rs 263-270

HG Infra Engineering has garnered over Rs 1.38 billion from anchor investors last week