Ujaas Energy extends rally on winning order from Airports Authority of India

The stock surged 9% to Rs 37.10 on BSE in intra-day trade, extending its Tuesday's 12% rally on back of heavy volumes.

Ujaas Energy has surged 9% to Rs 37.10 on BSE in intra-day, extending its Tuesday’s 12% rally on the back of heavy volumes, after the company said that it has bagged order from Airport Authority of India (AAI).

“The company has received an order for design, manufacture, supply, erection, testing and commissioning of rooftop grid connected solar PV system of 158 Kwp from Airports Authority of India VSI Airport, Port Blair, Andaman & Nicobar”, Ujaas Energy said in a statement.

On October 15, the company said that it had received an order for design, manufacture, supply, erection, testing and commissioning of grid interactive rooftop and small solar PV power plants on 364 houses with a capacity of 4 & 5 Kwp at various locations in two districts of Uttarakhand.

The stock trading at its 52-week high, rallied 60% from Rs 23.25 on October 14, as compared to 0.31% decline in the S&P BSE Sensex.

At 11:12 am, the stock was up 6% at Rs 36.15 on BSE, against 1% decline in the benchmark index. The trading volumes on the counter more than doubled with a combined 8.56 million shares changed hands on BSE and NSE.