Highway Infrastructure jumps 7% as ₹328-crore order win boosts portfolio

Highway Infrastructure share price today: Highway Infrastructure share price jumped nearly 7 per cent on Friday as the company received an order worth ₹328 crore from the National Highway Authority of India (NHAI). 

 

Highway Infrastructure share price rose as much as 6.97 per cent to the day's high of ₹62.13 on the National Stock Exchange (NSE). The stock price resumed its rally after a one-day decline on Thursday.  

 

So far in the session, total traded volume on the National Stock Exchange (NSE) has been 2.6 times its 30-day average volume. The relative strength index (RSI) was at 45.88, according to data on Bloomberg.  

 

That said, the stock pared gains to trade 2.01 per cent higher at ₹59.25 as of 10:23 AM, as compared to a 0.02 per cent decline in the NSE Nifty 50 index. Since its listing on August 12, 2025, the share price has declined 51.06 per cent.    CATCH STOCK MARKET UPDATES LIVE

Why did Highway Infrastructure's share price rise today?

 

Highway Infrastructure's share price rose as the company secured an order worth  ₹328.77 crore from the National Highway Authority of India. 

 

As a part of the order, Highway Infrastructure will engage a user-fee agency on a competitive bidding basis through an e-tender at Chilakaluripet, Vijaywada in Andhra Pradesh. The toll operation is for the section of National Highway 16's (NH-16) from 355 kilometres to 437.50 kilometres, the company said in the exchange filing. 

 

Highway Infrastructure will also maintain the adjacent toilet blocks, including recouping the consumable items. 

 

"The infrastructure company entered into an agreement on Thursday with the National Highway Authority of India for the execution of the above-mentioned order. Highway Infrastructure will take over operations at Kaza Fee Plaza on January 23, 2026," the company said in the exchange filing.   ALSO READ | Indus Towers rallies 6%, hits 16-month high; what's driving telecom stock? 

This order further enhanced Highway Infrastructure’s toll operation portfolio and improved the revenue visibility in the future. 

 

Notably, the Letter of Award (LoA) came just a few days after Highway Infrastructure received another contract award worth ₹32 crore for taking over operations at Jawar Fee Plaza. 

 

Highway Infrastructure is an integrated development and management company with strong capabilities across toll operations, engineering, procurement, and construction, and real estate infrastructure.   Analyst View: 

Higway Infrastructure has corrected sharply by 57.45 per cent within 85 days of listing, reflecting aggressive distribution and weak post-listing sponsorship. Over the last 15 days, the stock has attempted to form a short term base, but the broader structure remains fragile. For any meaningful bounce to develop, price must sustain above the 50 day exponential moving average (EMA) near 66, which currently looks unlikely given prevailing momentum. The daily 10, 20, and 50 day moving averages are all sloping lower at a steep angle, forming a strong zone of overhead resistance. Volume behavior does not yet suggest accumulation, keeping risk skewed to the downside. Any upside attempts are likely to be sold into, making rallies corrective rather than trend changing at this stage, said Anshul Jain, head, research at Lakshmishree.  Disclaimer: View and outlook shared belong to the respective brokerages/analysts and are not endorsed by Business Standard. Readers discretion is advised.