Shares of G R Infraprojects Ltd. rose on Monday, compared to the benchmark NSE Nifty 50, which declined by 0.14%.
The company received a letter of award for the construction of a four-lane, access-controlled greenfield highway section of NH163G for Rs 847.87 crore. The highway is from Venkatpur village in Warangal district to Thallasenkesa village in Mahabubabad district of Telangana.
Shares rose 3.60% to Rs 1,040.75 apiece in trade, and the stock advanced as much as 4.92% intraday. Total traded volume stood at 2.9 times its 30-day average. The relative strength index was at 51.2.
Out of the 15 analysts tracking the company, 12 maintain a 'buy' rating, two recommend a 'hold' and one suggests to 'sell' the stock, according to Bloomberg data.
The return potential, as calculated by the consensus of analyst estimates, stands at an upside of 36.7% over the next 12 months.
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