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Reuters
India's Torrent Power rises after contract award
** Torrent Power Ltd shares. TOPO.NS rise up to ~4% to Rs 1,197
** Co that generates, transmits, distributes energy. saying Late on Tuesday, it received a letter of intent from PFC Consulting with annual conveyance charges of 500 million rupees ($6 million).
**Stock trading above its 200-day simple moving average since March 28, 2023.
**Stocks on track to gain for second straight day and month
**Average rating of 9 brokerages that rate the stock as "sell"; your average PT is 875 rupees - data from LSEG
**TOPO rose 1.8%, adding to year-to-date gains of 25.3%
($1 = 82.9040 Indian rupees)
Report by Meenakshi Maidas in Bengaluru
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