Vascon Engineers surges on new orders worth Rs 286 crore
The order is for construction of residential flat including developmental work inside the campus
)
The liberalised norms for foreign investment could be a boon for affordable housing
Shares of Vascon Engineers surged nearly 9% at Rs 20.60 on the Bombay Stock Exchange after the company in a release said that it has won orders worth Rs 286.11 crore.
The order from Uttar Pradesh Housing & Development Board for construction of multi storied residential flats (including all developmental work inside the campus), in Lucknow, the release added.
The stock opened at Rs 19.95 and touched a high of Rs 21.40. At 10:20AM, over 225,000 shares were traded on both the stock exchanges.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jul 08 2015 | 10:21 AM IST