Shares of Afcons Infrastructure Limited saw a significant rise on November 4, 2024, climbing by 9.55% to reach ₹466.70 from the previous close of ₹426. This increase led to a surge in the company’s market capitalization by approximately ₹1,573 crore, bringing its total market cap to ₹17,164.51 crore.
Stock Performance: Afcons Infrastructure’s stock opened at ₹426, reached a high of ₹468, and touched a low of ₹420.25 before closing at ₹466.70.
Market Cap Impact: The share price jump from ₹426 to ₹466.70 added around ₹1,573 crore to the company’s market cap, signaling investor confidence following the IPO.
This strong performance highlights Afcons Infrastructure’s position as a competitive player in the infrastructure sector, further bolstered by its recent success as the lowest bidder for a key segment of the Bhopal Metro Phase 1 project. The Blue Line construction contract, worth ₹1,006.74 crore, positions the company for continued growth.
