Shares of Vishnu Prakash R Punglia Ltd. surged nearly 9% on Wednesday to the highest level in over four months after bagging an order worth Rs 273.1 crore from the Uttar Pradesh Jal Nigam (Urban).
The infrastructure development company has received a letter of acceptance for survey, soil investigation, engineering, design and supply materials related to a water supply scheme for the Naini extended area in Prayagraj, according to an exchange filing.
On the NSE, VPRPL's stock rose as much as 8.55% during the day to Rs 212 apiece, the highest since Feb. 9. It was trading 5.73% higher at Rs 206.50 per share, compared to a 0.07% advance in the benchmark Nifty at 10:50 a.m.
The share price has gained 42.17% in the last 12 months but declined 4.45% on a year-to-date basis. The total traded volume so far in the day stood at 9.1 times its 30-day average. The relative strength index was at 69.08.
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