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In past two trading sessions, the stock zoomed 27% from Rs 367 on Monday, September 9, 2017.
“The company has been received Letter of Intent from Surat Diamond Bourse for main contract works at Surat Diamond Bourse, Khajod, Surat, Gujarat. The contract value is Rs 1,575 crore, excluding Goods and Service Tax (GST),” PSP Projects said in a regulatory filing.
A detailed work order and contract document is under process and will follow shortly, it added.
At 10:13 AM; the stock was trading 8% higher at Rs 444, as compared to 0.47% gain in the S&P BSE Sensex. A combined 329,019 shares changed hands on the counter on the BSE and NSE.