Business Standard

Pratibha hits upper circuit on Rs 523cr order

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BS Reporter Mumbai

Pratibha Industries zoomed 10% to close at its upper circuit limit of Rs 178. The counter witnessed  a near five-fold increase in its total traded of 51,462 shares as against its two-week average traded quantity of 10,784 shares.
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(Updated 1259 hrs)

Pratibha Industries has rallied nearly 9% to Rs 175, backed by the development that the company secured a Rs 523.40 crore contract.

The stock touched a high of Rs 178 and a low of Rs 168, so far. The scrip opened at Rs 169 on the BSE today. The counter has witnessed around a four-fold increase of 41,900 shares, as against its two-week average traded quantity of 10,784 shares.

Pratibha Industries informed BSE today that the company had secured a contract for construction of a medical college at Patna from National Buildings Construction Corporation. The total value of the contract is Rs 523.40 crore.

 

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First Published: Aug 13 2009 | 3:43 PM IST

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