IVRCL gains strength following Sahara order

Dalal Street Spikes

 The company had announced that it has bagged a Rs 130 crore order from the Sahara group for road construction. The stock saw volumes of 2.13 lakh shares on the BSE.

 Marketmen said the order book of the company looked healthy, while the company reported good results during the second quarter. Between the beginning of November and now, the scrip has appreciated more than 80 per cent.

 The current order from the Sahara Group involves the construction of roads up to 36 km at Amby Valley, where Sahara India is involved in developing the area. The work will take more than two years to complete.

 The company last week announced that it had obtained a Rs 54 crore order from the Andhra Pradesh government.