Markolines Pavement Technologies shares jumped 6% after the company secured an additional Letter of Award worth ₹18.88 crore from Varanasi Aurangabad NH-2 Tollway Private Limited. As of 10:18 AM, the shares were trading 5.55% higher at Rs 170.35.
The contract involves rehabilitation and overlay work on a stretch from Km 786 to Km 843 in Uttar Pradesh. This three-month project, excluding the monsoon period, adds to the company’s robust unexecuted order book of over ₹400 crore.
At the time of writing, Markolines Pavement shares traded between ₹162.75 and ₹173.00 during the session, after opening at ₹164.25. The stock remained active within this range, showing moderate intraday movement. Currently, the stock is trading well below its 52-week high of ₹277.90, but significantly above its 52-week low of ₹107.00.
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