Skipper surges 8% as company bags orders worth Rs 120 crore

NEW DELHI: Shares of construction & engineering firm, Skipper, surged 8 per cent in Friday’s trade after the company bagged two orders worth Rs 120 crore from the Power Grid Corporation.

Reaction to the development, the scrip gained 7.79 per cent to hit a high of Rs 148 on the BSE.

The stock has slumped 21 per cent in the year so far and is trading with a price to earnings multiple of 16.41 times its FY17 estimated earnings. It has a market cap of Rs 1,464 crore.