PNC Infratech surges after receiving LoA from UP government
Reacting to the development, the scrip gained 3.34% to hit a high of Rs 509.90 on the BSE. The stock is up 44% in the past 12 months.
By ET Online |
NEW DELHI: Shares of PNC Infratech ended higher by 1.3 per cent in trade on Wednesday after the company received a Letter of Acceptance ( LoA) from the Uttar Pradesh government.
The company emerged as the lowest bidder to construct three-lane road on both sides Sharda Sahayak Feeder Canal from Lucknow-Faizabad Road to Lucknow-Sultanpur Road, in the state of Uttar Pradesh.
Reacting to the development, the scrip gained 3.34 per cent to hit a high of Rs 509.90 on the BSE. The stock is up 44 per cent in the past 12 months.
The company emerged as the lowest bidder to construct three-lane road on both sides Sharda Sahayak Feeder Canal from Lucknow-Faizabad Road to Lucknow-Sultanpur Road, in the state of Uttar Pradesh.
Reacting to the development, the scrip gained 3.34 per cent to hit a high of Rs 509.90 on the BSE. The stock is up 44 per cent in the past 12 months.
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