Shares of Sansera Engineering Ltd. gained the most in six weeks on receiving a repeat order worth Rs 50.8 crore from a North American manufacturer of electric cars.
Sansera has received order confirmation for three components—these are precision forged and machined components for the passenger vehicles, it said in an exchange filing Monday. After successful trials, the mass production of these parts will commence during FY24.
Earlier, the company has also been awarded an order worth Rs 49.7 crore from the same customer. With award of the new orders, the annual order book with this customer has crossed Rs 100 crore.
Shares of Sansera rose as much as 7.71% in a weak market during the session before closing with 6.44% gains, the most in six weeks.
The trading volume on the stock was nearly twice the 30-day average, when markets closed on Monday.
All the four analysts tracking the gear shifter forks to crank shaft assemblies maker for automotive and aerospace industries maintain a 'buy', according to Bloomberg data.
The 12-month consensus price target implies an upside of 29%.
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