HG Infra Engineering (HGIN.NS) rises after Karnataka tax department withdraws 940 mln rupee demand
Shares of HG Infra Engineering gained 3.1% to 416.45 rupees, on track to end a six-session losing streak. The company stated that the Karnataka commercial tax department has dropped a tax demand of 940 million rupees ($9.75 million), with all proceedings closed and no tax, interest, or penalty payable.
45 rupees, putting the stock on course to end a six-session losing run if the move holds. 75 million) tax demand and that the proceedings are now closed, with no tax, interest or penalty payable. LSEG data showed the stock is rated "buy" on average by nine analysts, with a median target price of 718 rupees. 54% year-to-date.
4325 Indian rupees)