On the last trading session of the week, these stocks are witnessing positive action!

GR Infraprojects, VA Tech Wabag, and MTAR Technologies are today’s mid-day movers.

Friday opened on a positive note and markets have sustained the greens even in the afternoon. At 12:45pm the S&P BSE Sensex SmallCap is at 23,728.93, a gain of 0.13 per cent. These companies which are part of the S&P BSE Small Index are gaining momentum. Let’s see why?

GR Infraprojects is an integrated road EPC company. It is a wholly-owned subsidiary, GR Madanapalli Pileru Highway has executed the concession agreement with the National Highways Authority of India (NHAI). The project is for the Construction of Four Laning of NH-71. The cost of the project is Rs 1577 crore and the completion period is 730 days from the appointed date. At 12:45 pm, the stock price, jumped 1.68 per cent and the scrip is currently trading at Rs 1425.55.  

VA Tech Wabag, is an India-based company engaged in the business water treatment field. The company has secured a consortium Design, Build, Operate (DBO) order, for the 50 MLD (expandable to 100 MLD) Mamelles Sea Water Desalination Project from Societe Nationale Des Eaux du Senegal (SONES), the National Water Company of Senegal, worth about 146 Million Euro. This order has enhanced the company’s presence in the international market. At 12:45 pm, the stock price rallied 4.85 per cent and the scrip is currently trading at Rs 262.55.  

MTAR Technologies is in the business of manufacturing various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries. MTAR Technologies has entered into a Share Purchase Agreement (SPA) with sellers and GEE PEE Aerospace & Defence on June 02, 2022, for the acquisition of a 100% stake in GEE PEE Aerospace & Defence. At 12:45 pm, the stock price, surged 2.45 per cent and the scrip is currently trading at Rs 1490.