RPP Infra spurts 14% on winning orders from MRPL
On the BSE, shares touched a month's high of Rs 69 before settling at Rs 65.70, reflecting a sharp gain of 12.31 per cent over the last close.
By PTI | Updated:
MUMBAI: Defying a weak broader market, shares of RPP Infra Projects on Monday rallied nearly 14 per cent after the company said it has bagged new orders worth Rs 23 crore from Mangalore Refinery and Petrochemicals Ltd ( MRPL).
Shares of the company closed higher by 13.79 per cent at Rs 66 on the National Stock Exchange. On the BSE, shares touched a month's high of Rs 69 before settling at Rs 65.70, reflecting a sharp gain of 12.31 per cent over the last close.
The work order, which includes civil and structural works at the MRPL Phase-III project site in Mangalore, shall be completed in a period of five months, the infra firm said in a statement.
The rally in the stock was in sharp contrast to a weak broader market as the BSE benchmark Sensex closed down by 370.68 points.
Shares of the company closed higher by 13.79 per cent at Rs 66 on the National Stock Exchange. On the BSE, shares touched a month's high of Rs 69 before settling at Rs 65.70, reflecting a sharp gain of 12.31 per cent over the last close.
The work order, which includes civil and structural works at the MRPL Phase-III project site in Mangalore, shall be completed in a period of five months, the infra firm said in a statement.
The rally in the stock was in sharp contrast to a weak broader market as the BSE benchmark Sensex closed down by 370.68 points.
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