WPIL soars 10% on securing Rs 1,225 cr order from Madhya Pradesh Jal Nigam

Meanwhile, in the past one month, the stock of the industrial products company has zoomed 83 per cent after it reported robust December quarter (Q3FY23) results.

Shares of WPIL were locked at the 10 per cent upper circuit at Rs 2,038.85, hitting a new high on the BSE on Friday after the company announced the receipt of letter of acceptance (LoA) by the company from Madhya Pradesh Jal Nigam Maryadit for Rs 1,225 crore.

The stock surpassed its previous high of Rs 1,949, touched on February 21, 2023. The average trading volumes at the counter jumped over seven-fold today. Around 103,000 equity share changed hands and there were pending buy orders for 43,856 shares on the BSE. In comparison, the S&P BSE Sensex was up