Gammon India momentum continues
By
Research Desk
about 9 years ago
It is like the momentum in Gammon India continues even after the weekend. On Friday, the stock had closed the day in the green and this was on the back of having secured a new order from National Highways Authority of India ("NHAI"). And today too, it is the same order which has pushed the stock price up over 10% at Rs.12.50 levels. Intra day high is at Rs.13.15.
The company has got an order from NHAI for four Laning of Udhampur to Ramban Section of NH-1A in the State of Jammu & Kashmir Under NHDP Phase-II. The value of the contract is at Rs.1710 crore.