Micro Cap Stock Jumps 5% After Bagging Order From Tata Group
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Shares of HEC Infra Projects bumped up in the green on Friday morning halting its three straight session losing streak.

What Happened: The surge today comes as the company announced bagging a major order from Tata Power Solar Systems. The order is for the comprehensive supply, erection, testing, and commissioning (SETC) of a complete engineering, procurement, and construction (EPC) solution for a 66kV Transmission Line in the Radhanpur region. As per the regulatory filing, the total cost of the order is ₹7.15 crore.

See Also: Why This Nikhil Kamath-, Rekha Jhunjhunwala-Backed Small Cap Stock Is Up 4% Today

Shares of the Ahmedabad-based company jumped up sharply after the announcement was made at around 10:10 am. The stock jumped up close to 5% to hit a new 52-week high of ₹57.50. The stock has had a rough year at the bourses, with stock going down around 5% from the start of the year, but things have been getting better recently. In the last 30 days, the stock has surged up over 15%.

With a market cap of around ₹50 crore, the micro cap company is an EPC Contractor firm
for Electro-Mechanical & Instrumentation projects.

Price Action: Shares of the company were trading 4.84% higher at ₹57.45 in the early hours of trading on Friday.

Read Next: What's Going On With Zomato Shares Today?

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EquitiesNewsContractsMarketsMoversTrading IdeasHEC Infra ProjectsTata Group