Era Infra stock up 5%

The stock is now locked at 5 per cent upper circuit.

Jan 13, 2015 09:01 IST India Infoline News Service

Era Intra Engineering rallied in the early trade and locked at 5 per cent upper circuit on the BSE on securing contract from NHDP-IV in the state of Chattisgarh.

The company informed the BSE that the Era Infra Engineering received 'Rehabilitation and Upgradation of NH-216 from km 3.800 to Km 90.460 (Raigarh to Sarapalli Section) in the state of Chattisgarh to two-lanes with paved shoulders under NHDP-IV on EPC basis at an estimated cost of Rs. 328.71 crore.

The stock opened with a gain of 0.9 per cent at Rs. 6.7 and soon, jumped to breach 5 per cent upper circuit at Rs. 6.97.

On the BSE counter, so far, 141,000 shares are traded, as against its two-week daily average volume of 331,000 shares.

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