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ITD Cementation India has soared 15% to Rs 692, extending its Friday’s rally, after the company said it has received order worth of Rs 2,168 crore for carrying out the dredging and reclamation works for the fourth container terminal at the country’s largest port Jawaharlal Nehru Port Trust (JNPT).
The stock opened at Rs 620 and touched a high of Rs 697, also its 52-week high on NSE. The trading volumes on the counter more than doubled with a combined 441,037 shares changed hands till 1054 hours on NSE and BSE.
In past two trading sessions, the stock zoomed 37% from Rs 508 on February 19 on NSE, compared to 0.48% decline in the benchmark CNX Nifty.
The Mumbai-based company, which has been working at the Jawaharlal Nehru Port Trust since 1994, was awarded the contract by Bharat Mumbai Container Terminals, a subsidiary of the port developer, PSA Singapore, ITD said in a statement.
This is the biggest single-order win for the EPC Company and takes its total order book to Rs 6,800 crore.
The stock opened at Rs 620 and touched a high of Rs 697, also its 52-week high on NSE. The trading volumes on the counter more than doubled with a combined 441,037 shares changed hands till 1054 hours on NSE and BSE.
In past two trading sessions, the stock zoomed 37% from Rs 508 on February 19 on NSE, compared to 0.48% decline in the benchmark CNX Nifty.
The Mumbai-based company, which has been working at the Jawaharlal Nehru Port Trust since 1994, was awarded the contract by Bharat Mumbai Container Terminals, a subsidiary of the port developer, PSA Singapore, ITD said in a statement.
This is the biggest single-order win for the EPC Company and takes its total order book to Rs 6,800 crore.
