PNC Infratech, Garware Hitech and Raymond are top gainers in BSE Group ‘A

PNC Infratech, a road construction company saw its stock soar by 11.46 per cent after receiving orders worth Rs 4,384 crore from the National Highway Authority of India.

Amid volatility, Sensex closed flattish at 57232.06 with a loss of 0.1 per cent or 68.62 points, while Nifty retained its 17000 mark, with a loss of 0.2 per cent or 28.95 points at 17063.25. 

In the broader market, BSE Midcap closed higher at 23558.48 while BSE Smallcap at 26946.34 ended on a positive note. Realty which was out of favour for some time made a comeback gaining 3.2 per cent (S&P BSE Reality) followed by Consumer Durables and Utilities. 

PNC Infratech, Garware Hitech and Raymond witnessed positive action in today’s session. 

PNC Infratech, a road construction company saw its stock soar by 11.46 per cent after receiving orders worth Rs 4,384 crore from the National Highway Authority of India. 

The company has been declared the L1 (lowest) bidder in three new NHAI hybrid annuity modelled national highway projects for Rs 4,384 crore. The company stated that these projects will be operated for 15 years after the completion of construction. The stock logged an intraday high and low of Rs 277.20 and Rs 247.35. 

Garware Hitech rallied 10.44 per cent in today’s session and closed at Rs 678 with an intraday high and low of Rs 692 and Rs 613.30. The company which was solely trading on BSE recently listed its shares on NSE to increase investors’ participation, was under selling pressure logging a 30 per cent share price loss in one month. In yesterday’s session, the stock logged its fresh 52 week low at Rs 609. The rally in today’s session eased the heavy selloff in the stock. 

Raymond rallied 10.21 per cent to close at Rs 748. Today, the stock logged an intraday high and low of Rs 771.85 and Rs 678.50 respectively. The stock posted a robust Q3 result and logged its 52-week high of Rs 818.52 last month. It has been volatile and today’s session showed recovery after falling by 9 per cent in the last two sessions.