J.Kumar Infraprojects ended at Rs 190, stronger by Rs 8 or 4.7%, on the BSE.
The stock opened at Rs 183 and touched a high of Rs 198 and a low of Rs 181 during the day.
The counter witnessed trades of 3.81 lakh shares on the BSE, as against the two-week daily average trade of 1.36 lakh shares.
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(Updated at 1406)
J Kumar Infraprojects has surged 6% to Rs 192 on news of order win.
According to a release issued by the company to the BSE today, the company has bagged Rs 36 crore order that includes construction of pedestrian Skywalk at Kharghar, Navi Mumbai worth Rs 33 crore and pilling works orders worth Rs 3 crore from various parties. The order book position of the firm stands at Rs 1,311 crore.
Recently, the company had raised Rs 55.45 crore by issuing 3.08 million equity shares at a price of Rs 180.25 per share through qualified institutional placements (QIPs). The company intends to use the net proceeds received from the issue to fund for expansion plans and for working capital requirements.