Pratibha Inds builds up

Pratibha Industries has shown a 11 times jump in volumes today morning and the stock has spiked up over 12.5% to Rs.30.50.

The sudden jump in the stock price can be attributed to the press statement it issued today – it has bagged new orders/aggregating Rs.590 crore. Its water management division got an order worth Rs.225 crore from Gujarat Water Supply; scheduled to be completed in 18 months. Its building unit got an order worth Rs.118 crore from National Buildings Construction Company, Delhi; to be completed in 18 months. The same unit won another Rs.171 crore order from Bhartiya City Developers, delivery date 28 months hence and another Rs.75 crore order from RJ Group in Bangalore, due to be completed in 21 months.