Skipper surges 8% on fresh order win worth Rs 588 crore

In the past six months, the stock price of Skipper has zoomed 131 per cent as compared to 10.5 per cent rise in the S&P BSE Sensex

Shares of Skipper surged 8 per cent to Rs 245.05 on the BSE in Monday's intraday trade after the company said it has won fresh orders worth Rs 588 crore from domestic & international market. The stock of the power transmission & distribution (T&D) and the polymer segment company had hit a 52-week high of Rs 254.90 on September 1, 2023.

In an exchange filing, Skipper said the company received orders in the domestic T&D business worth Rs 468 crore from Power Grid Corporation of India (PGCIL) and other customers. Besides, it bagged orders in the international T&D business