Gayatri Projects gains on winning Rs 175 cr road project

Shares of Gayatri Projects today settled with gains of over 3 per cent after the company announced winning of an order worth Rs 175 crore.
In a regulatory filing the company today said it has bagged new order worth Rs 175.33 crore from Hyderabad Growth Corridor Ltd.
Reacting to the development, shares of the company opened at Rs 138, then jumped as much as 6.91 per cent to touch an intraday high of Rs 150. At the end of today's trading session the stock pared some gains and was quoted at Rs 145.30, up 3.56 per cent on the BSE.

Similar movement was witnessed on the National Stock Exchange, where the stock opened at Rs 135, then jumped 8.47 per cent to a high of Rs 150.45. The stock settled at Rs 143, up 3.10 per cent.
The BSE Sensex closed at 27,457.58 points with losses of 654.25 points or 2.33 per cent.
The order entails the construction of balance work of eight lane access controlled express way, as outer ring road to Hyderabad city in the stretch from Shamirpet to Keesara with loan assistance from Japan International Cooperation Agency (JICA).