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J Kumar Infraprojects stock rises 2% after winning order

The company won an order worth Rs 445 crore for Pune metro.
J Kumar Infraprojects stock rose 2% after the company has won two orders worth Rs445cr in Maharashtra.

The first order was won from the Maharashtra Metro Rail Corporation Ltd (Pune Metro Rail Project) for construction of underground shafts for tunneling of Agricultural College and Swargate Metro Station and a multi-model integration at the Sargate metro station and R&R facilities for an amount of Rs222.33cr, the company said in the filing.

The stock is currently trading at Rs282.15 up by Rs3.75 or 1.35% from its previous closing of Rs278.40 on the BSE.

The second order is for improvement of Chheda Nagar Junction, Ghatkopar (East) on the Eastern Express Highway from Mumbai Metropolitan Regional Development Authority (MMRDA) for an amount of Rs223.85cr.

The scrip opened at Rs282 and has touched a high and low of Rs285 and Rs282 respectively.