Ahluwalia Contracts’ stock rose 2.78% to Rs 308.40 from its previous closing price of Rs 300.05 at BSE
The small-cap stock trades higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving average. Image for illustration purposes only.
Ahluwalia Contracts’ stake rose nearly 3% today after the company won a Rs.128 billion contract to build the state-run Bodh Gaya guest house. The contract must be completed on the basis of the technical procurement (epc) awarded by the Construction Department 1 of the Patna (Bihar) Construction Department. Ahluwalia Contracts’ stock rose 2.78% to Rs 308.40 from its previous closing price of Rs 300.05 at BSE.
The stock opened today at Rs 295. The small cap stock trades higher than the 5 day, 20 day, 50 day, 100 day and 200 day moving average. The stock gained 9.51% in one year and is up 15.79% since the start of the year.
The company’s market capitalization rose to BSE to 2.063 billion rupees. Later on on BSE the stock closed 2.65% higher at Rs 308. On NSE, the stock closed 1.70% higher at Rs 305 from its previous close of Rs 300.05. The stock had hit a high of Rs 309 and was rising within one day by 2.98% on NSE.
The total order intake for the 2020-21 fiscal year is Rs.2,214.44 billion. Ahluwalia Contracts (India) won a new contract that totaled Rs. 128 crore (approximately) for the construction of the state guest house Bodh Gaya on the basis of the technical procurement system (EPC), awarded by the construction department 1, construction department, Patna (Bihar), the company announced when it was submitted to the stock exchanges.
Stock market highlights: Sensex ends 397 points lower; Nifty under 15k; Capital goods, banks, pharmaceutical stocks pull
In the meantime, Sensex closed with 50,395 points, up 397 points or 0.78 percent and Nifty with 14,929.5 points, a decrease of 101.45 points or 0.67 percent.