Defying a weak broader market, shares of RPP Infra Projects today rallied nearly 14% after the company said it has bagged new orders worth Rs 23 crore from Mangalore Refinery and Petrochemicals Ltd (MRPL).
Shares of the company closed higher by 13.79% at Rs 66 on the National Stock Exchange.
On the BSE, shares touched a month's high of Rs 69 before settling at Rs 65.70, reflecting a sharp gain of 12.31% over the last close.
The work order, which includes civil and structural works at the MRPL Phase-III project site in Mangalore, shall be completed in a period of five months, the infra firm said in a statement.
The rally in the stock was in sharp contrast to a weak broader market as the BSE benchmark Sensex closed down by 370.68 points.
