Back-to-back upper circuits are seen in this newly-listed stock that stands to gain from an increase in public spending; do you own it?

The company is engaged in designing, drawing, supplying, erection & commissioning 25KV, 50Hz single phase traction overhead equipment.

The shares of Jayant Infratech were seen getting locked in the upper circuit during Thursday's trading session as the market traded with a positive bias.  

Jayant Infratech is a play on the increase in railways spending in the coming years. With railways expected to move towards the EPC model, the company is expected to be one of the biggest beneficiaries.   

Jayant Infratech got listed on the bourses in July. It is an SME stock that was issued at Rs 67 per share. The shares of Jayant Infratech are seen trading at Rs 106 per share on Thursday with a buyer’s lock. 

Incorporated in 2003, Jayant Infratech primarily undertakes railway infrastructure development work. It is a technology-driven company with excellence in railway electrification and infrastructure projects. The company is engaged in designing, drawing, supplying, erection & commissioning 25KV, 50Hz single phase traction overhead equipment. 

Large public and private sector companies such as Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, and North Frontier Railway are the key clients served by the firm.