Vishnu Prakash R Punglia shares surge over 8% following Rs 103 crore railway contract win

Shares of Vishnu Prakash R Punglia Limited jumped over 8% on December 9, 2024, following the announcement of a ₹103 crore contract win from the North Western Railway. The stock was trading at ₹332.60, reflecting an 8.34% increase as of 3:05 PM.

Key Stock Details:

• 1 Day Performance: +8.34%
• 5 Days Performance: +11.63%
• 1 Month Performance: +7.92%
• 6 Months Performance: +83.03%
• Year-to-Date Performance: +52.39%
• 1 Year Performance: +61.12%

Key Highlights of the Railway Contract:

• Scope of Work: Construction of major and critical bridges and ancillary infrastructure along the Ajmer-Chanderiya section.
• Project Value: ₹103 crore.
• Strategic Objective: Doubling of railway tracks to enhance capacity and efficiency in the region.
• Significance: Reflects the company’s stronghold in large-scale infrastructure development.

Company’s Statement:

Vishnu Prakash R Punglia Limited expressed gratitude to the North Western Railway for entrusting them with this significant project. The company stated, “This achievement underscores our dedication to supporting India’s growing infrastructure needs and delivering quality projects within the specified timeline.”

The strong rally in the stock price highlights investor optimism surrounding the company’s order pipeline and its ability to execute large-scale projects.

 

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