The uptick in Nitco share price came after the company announced that it has secured an order Rs 105.40 crore from Prestige Estates Projects
Nitco has settled all its dues with LIC and also entered into a memorandum of intent of settlement with Authum Investment and Infrastructure
Tiles maker Nitco on Monday said that it would open around a dozen new stores in various states to expand its retail footprint, as real estate and construction will pick up in the coming months.
Deal size likely to be Rs 2,000 crore
In past one-week, the stock rallied nearly 50% from Rs 40.25 to Rs 60.15, as compared to 1.8% fall in Sensex.