Veritas hits 52-week high on Rs 155.85 crore BMC order

Veritas saw its share price touch a 52-week high of Rs 950.55 in the early trade on March 19 as it secured a mega order worth Rs 155.85 crore from the Brihanmumbai Municipal Corporation.

As of 10:39 am the shares were trading 2% higher at ₹950.55 on BSE. The stock was locked at upper circuit as there were pending buy orders of 31,115 shares, with no sellers available.

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The company, with its consortium partner Genesys International Corporation Limited, further said that it has received a Letter of Acceptance from BMC, for development, implementation, and maintenance of 3D City model & change detection using Geospatial Technology for BMC.

Veritas will now hold Extraordinary General Meeting EGM on March 21, 2022 through video conference and other audio-visual means in an affirming move towards governance and adherence to investor interest.