The stock of this civil construction company has zoomed 147% in a month

On April 12, the board of Simplex Infra approved fund raise of up to Rs 421.80 crore by issuing shares and warrants to Swan Construction, a non-promoter group company on a preferential basis.

Shares of Simple Infrastructure hit a fresh 52-week high of Rs 102.70, up 5 per cent on the BSE in Tuesday’s intra-day trade. The stock of civil construction company has locked in 5 per cent upper circuit for straight 18 trading days and zoomed 147 per cent in a month. At 12:21 pm; it was up 2 per cent at Rs 99.50, as compared to 1.1 per cent rise in the S&P BSE Sensex.

On April 12, 2022, the board of Simplex Infrastructure approved raising of funds up to Rs 421.80 crore by issuing shares and warrants to Swan