Gammon India builds up on new orders
By
Research Desk
about 9 years ago
Gammon India is strongly in the green, seeing a lot of buying interest. The stock, which had closed yesterday at Rs.20.75, opened higher at Rs.23.05 and is now up around 13%. Volumes are up at 4 lakh shares traded today morning compared to 87,000 shares over past two-week average.
The stock is up after the company announced receipt of order. It got two orders worth Rs.841 crore. One order is for channelization of Gomti River (from Hardinge bridge to Weir) and this order is valued at Rs.517 crore. The second order is for 4 laning of NH-37A which included construction of New Brahmaputra Bridge on EPC Basis in the State of Assam, worth Rs.324 crore.