GMR Power zooms 20% as Group wins contract worth of Rs 5,123 cr in UP
Shares of GMR Power and Urban Infra were locked in the 20 per cent upper circuit at Rs 34.24, also its 52-week high on the BSE on Monday at 10:11 AM; after the company said GMR Group received Letter of Award (LOA) worth Rs 5,123 crore for smart metering project from Purvanchal Vidyut Vitran Nigam Limited.
In past two trading days, the stock of civil construction company has zoomed 37 per cent. A combined 26.79 million shares changed hands and there were pending buy orders for 4.29 million shares on the NSE and BSE.
