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Stone India ends 6 pc up after co wins Rs 29-cr order

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Press Trust of India Mumbai
Shares of engineering firm Stone India today ended the day with gains of over 6 per cent after the company bagged an order worth Rs 29 crore for supply and installation of bio-toilets.

Paring early gains, the stock closed at Rs 78.90 on BSE, an increase of 6.19 per cent over its previous close. Intra-day, it jumped as much as 12.92 per cent to trade at Rs 83.90.

On the volume front, the stock saw a surge in quantity, with 2.34 lakh shares changing hands during the day. The stock had a two-week average trading volume of 1.17 lakh.

In a regulatory filing to BSE, Stone India said it has bagged an order for supply of 9,090 units of bio-toilets to the Chhattisgarh government, which is valued at Rs 28.70 crore.
 

"This is the single-largest order of bio-toilets for Stone India," it added.

The order has been won through the firm's business associate Cranberry Westlink T & D Inc, the filing said.

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First Published: Apr 21 2016 | 5:43 PM IST

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