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Kridhan Infra subsidiary wins order worth Rs56.6cr, stock up ~1%

Kridhan Infra, on Thursday, announced that its subsidiary Swee Hong Ltd has won an order worth Rs56.6cr (SG$11.3mn) in Singapore. Swee Hong has secured these contracts from the Public Utilities Board of Singapore to work on proposed sewers in Punggol North Area.

Kridhan Infra Ltd is currently trading at Rs102.70, up Rs1.65, or 1.63%, from its previous close of Rs101.05 on the BSE.
The scrip opened at Rs101.20 and has touched a high and low of Rs104 and Rs101.20, respectively. So far, 1,46,515 (NSE+BSE) shares have been traded on the counter.

The seven-day high and low of the scrip stood at Rs107.35 and Rs100.50, respectively. The current market cap of the company is Rs957.74cr.

The stock is currently trading below its 100 DMA.