GR Infra jumps over 4% after it emerges L-1 bidder for Rs 872 cr project

Shares of GR Infraprojects jumped over 4 per cent to Rs 1,012 per share in Thursday’s intra-day trade, after the company emerged as the L-1 bidder for a six-lane project worth Rs 872.17 crore in Maharashtra. In comparison, the S&P BSE Sensex traded 170 points lower at 58,045 levels, as of 9:55 am.

In the past one week, shares of this construction firm gained 1.7 per cent, as against 0.2 per cent rise in the S&P BSE Sensex.

Earlier, the stock had hit a 52-week high of Rs 1,624 on June 18, 2022, however, it later nosedived to 52-week low of Rs 960 on March 22, 2023.

On Tuesday, March 22, the company successful secured order by National Highways Authority of India (NHAI) for six-laning of Surat-Nashik-Ahmednagar-Solapur-MH/KNT border greenfield stretch in Maharashtra,