Srei Infra soars on light rail order

Shares of Srei Infrastructure Finance spurted 14.62 per cent to Rs 37.25, after Srei-led consortium won the country's first light rail transit system. The Rs 6,000 crore project would be developed by a consortium led by Srei with Czech-based Amex International and West Bengal Transport Infrastructure Development Corporation.

The project would be executed in two phases. The stock made an intraday high of Rs 46.9 and a low of Rs 31.8 with trading volumes of 46.6 lakh shares (about eight-times higher than its two-week average).