Ahluwalia Contracts up over 6%

In the morning trades, one stock which zoomed up the moment it opened for trade was Ahluwalia Contracts. It rose almost Rs.10 to Rs.159.95 and currently rules around the same levels, up over 6%.

The stock is reacting to the Press Release of an order which it released yesterday after market closure.

The company has secured orders to the tune of Rs.178 crore for construction of housing project including finishing and electrical works. New aggregating order in first half of the financial year ending 31 March 2015 (FY 2015) is Rs 792.85 crore. Unexecuted order book as on 30 September 2014 is Rs 3350 crore. The company has also stated that it has entered into a technical collaboration with a Russian company for high speed precast construction.