The shares of 'Hazoor Multi Projects' skyrocketed nearly 17 per cent in early trade on Tuesday, October 13, after thesmall-capp infrastructure sector company announced getting a nearly Rs 50 crore order from the National Highways Authority of India (NHAI).
The stock started the session significantly higher at Rs 17.28, up 3.7 per cent from the last closing of Rs 16.66 on NSE. The stock continued the gaining momentum further, hitting an intraday high at Rs 19.48, up 16.9 per cent from the last close.
Last seen, the small-cap infra stock was trading at Rs 18.64, up 11.88 per cent or Rs 1.98. Meanwhile, its 52-week high and low values stood at Rs 22.49 and Rs 15.52, respectively.
Oder From NHAI
In an exchange filing, the company said that it has been awarded the Letter of Award (LOA) by the National Highways Authority of India (NHAI) for engaging as the Contactor for collection of user fee at Kannoli, Harval and Gaddurur fee plazas.
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As per the shared information, the size of the order is Rs 49,49,40,000 or forty-nine crores forty-nine lakhs forty thousand rupees only.
Share Market Today
In early trade, key domestic equity indices Sensex and Nifty rebounded from last session's losses on the back of a rally in blue-chip banking stock HDFC Bank and an uptick in IT stocks.
Sensex, the 30-share BSE index, climbed 305 points to 72,224.15 in early trade. Meanwhile, Nifty50, the 50-share NSE index, was up 93.40 points to 22,458.50.
Disclaimer: This story is for informational purposes only. It should not be considered investment advice. Please seek advice from a registered advisor before investing.