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Alliance Integrated Metaliks stock tumbles 5% despite receiving major work order

The company has received a work order from VRC Constructions (I) Pvt. Ltd.

September 26, 2022 11:07 IST | India Infoline News Service
Alliance Integrated Metaliks Limited stocks in focus on Monday's trading session despite on securing major order  for the company.

As per the regulatory filing, the company has received a work order from VRC Constructions (I) Pvt. Ltd. for the project named as "RJ-SR HIGHWAYS PROJECT" for the location Shri Ganganagar Rajasthan.

The Company scope of work includes Supply, Fabrication, Painting and erection of Railway Over Bridge (ROB).

In addition to this, this order has further substantiated the credentials of the company in the Fabrication and Erection Segment.

At around 11:07 AM, Alliance Integrated Metaliks Ltd is currently trading at Rs48.20 per share down by Rs2.5 or 4.93% from its previous closing of Rs50.70 per share on the BSE.

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