Comments
Shares of IRB Infra today bucked the weak trend due to $1.5-billion road contract.
The shares gained as much as 11 per cent.
The stock was among the top gainers in BSE large caps even as the 50-share NSE index fell 1 per cent.
Today is the biggest single day percentage gain since July 10, 2014; the stock has hit its highest intraday level since October 20.
The company has bagged a road project in Jammu and Kashmir worth Rs 10,050 crore($1.51 billion).
IRB Infra will receive semi-annual annuity of Rs 981 crore after the completion of construction.
($1 = 66.3800 Indian rupees)
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.