Ceigall India Limited witnessed a 5% surge in its stock price today, following a significant announcement from its subsidiary, CEIGALL Ludhiana Bathinda Greenfield Highway Private Limited. The subsidiary executed a concession agreement with the National Highways Authority of India (NHAI) for a high-value infrastructure project.
Project Highlights:
- Project Name: Development of a six-lane, access-controlled Ludhiana-Bathinda Greenfield highway (NH-754AD).
- Scope: Connecting the Moga-Barnala Road (NH-703) near Tallewal to the Delhi-Katra Expressway (NE-5) near Ludhiana, spanning km 30+300 to km 75+543.
- Project Value: ₹981 crore.
- Execution Model: Hybrid Annuity Mode (HAM) under the Bharatmala Pariyojana Phase-I.
- Timeline: Scheduled for completion within 24 months.
Stock Performance:
- Opening Price: ₹352.65
- Day’s High: ₹352.65
- Day’s Low: ₹340.50
- 52-Week Range: ₹293.00 – ₹424.80
The project, undertaken under the prestigious Bharatmala Pariyojana Phase-I, is expected to bolster connectivity and infrastructure in the Ludhiana-Bathinda region. The stock’s movement reflects strong investor sentiment following the announcement, aligning with Ceigall India’s strategic expansion initiatives in the infrastructure sector.
CEIGALL INDIA LIMITED Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Tue, Dec 24 2024
|
₹352.65
|
₹344.00
|
-1.23%
|
|
Mon, Dec 23 2024
|
₹355.15
|
₹348.30
|
-1.48%
|
|
Fri, Dec 20 2024
|
₹358.00
|
₹353.55
|
-1.64%
|
|
Thu, Dec 19 2024
|
₹353.05
|
₹359.45
|
-1.84%
|
|
Wed, Dec 18 2024
|
₹374.00
|
₹366.20
|
-1.20%
|
|
Tue, Dec 17 2024
|
₹363.15
|
₹370.65
|
|
|
Mon, Dec 16 2024
|
₹363.40
|
₹362.25
|
-0.32%
|
|
Fri, Dec 13 2024
|
₹355.00
|
₹363.40
|
|
