Ahluwalia Contracts Ltd. bagged a contract from the Airports Authority of India to develop a civil enclave at Darbhanga Airport in Bihar.
The development, according to an exchange filing, will include the construction of a new terminal building and allied structure and external development works on the engineering, procurement and construction model.
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The construction will be for domestic purposes and for two years.
Shares Of Ahluwalia Contracts traded 0.77% lower at Rs 1316.60 apiece on Thursday compared with a 0.06% rise in the NSE Nifty 50.
The stock has fallen 66.84% year-to-date and 113.37% in the last 12 months. Total traded volume so far today stood at 0.37 times its 30-day average. The relative strength index was at 63.40%.
Of the analysts tracking the company, six maintain a 'buy' rating, two suggest 'hold', and five recommend 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential downside of 6.7%.
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