Shares of Interarch Building Products Ltd surged 6% to hit a day’s high of Rs 1,835 on 21st April after the company disclosed a new order to the exchanges.
Interarch Building Solutions has bagged the biggest-ever single order in India’s Pre-Engineered Buildings (PEB) sector, worth over Rs 300 crore.
The order is for a tyre manufacturing plant in Gujarat, which will span around 3 million square feet and is expected to be completed within this financial year.
Over the past month, the stock gained 20% but trades below its post-listing high of Rs 1,923.75. This rise has erased all of this year’s losses and is now up 1% year-to-date.
Currently, the firm’s market capitalisation stands at around Rs 3,041 crore.
At 12:20 PM, the shares of Interarch were trading 5.91% higher at Rs 1,827 on NSE.
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