Petron Engineering shares rally on Rs 110-cr work order

Rajalakshmi S Updated - January 15, 2018 at 06:16 PM.

Shares of Petron Engineering jumped as the company has got a contract worth Rs 110 crore.

Petron Engineering Construction Ltd surged as much as 18.9 per cent to its highest since November 10, 2016.

The company has got a work order worth Rs 110 crore ($17.2 mln) from Guruashish Construction Pvt Ltd, according to an exchange filing on Wednesday.

More than 340,000 shares change hands, 22 times their 30-day moving average.

The stock had risen 4.3 per cent this year up to Wednesday's close.

Published on April 27, 2017 05:48