Technofab Engineering gains 20% on order win worth Rs 281cr
The company has received new order in the domestic water sector valued at Rs 281 crore.
Shares of Technofab Engineering has locked at 20 percent upper circuit on Wednesday on the back of order won worth Rs 281 crore.
There were pending buy orders of 17,750 shares, with no sellers available.
The company has received new order in the domestic water sector valued at Rs 281 crore
The project is funded by Asian Development Bank.
This order gives a further impetus to the company’s standing in the water sector, soon after securing orders in Bhutan and Uganda, and recently completed projects in Tanzania and Zimbabwe, company said in press release.
With this the order backlog of the company stands at approximately Rs 2000 crore of which the water sector now contributes close to 45 percent.
At 09:17 hrs Technofab Engineering was quoting at Rs 289.20, up Rs 48.20, or 20 percent.
It has touched a 52-week high of Rs 289.20.
Capital Ways Investment Adviser
605, Industry House , AB road Indore (MP) 452001
7771800797, 8517810864
https://www.capitalways.com/
Shares of Technofab Engineering has locked at 20 percent upper circuit on Wednesday on the back of order won worth Rs 281 crore.
There were pending buy orders of 17,750 shares, with no sellers available.
The company has received new order in the domestic water sector valued at Rs 281 crore
The project is funded by Asian Development Bank.
This order gives a further impetus to the company’s standing in the water sector, soon after securing orders in Bhutan and Uganda, and recently completed projects in Tanzania and Zimbabwe, company said in press release.
With this the order backlog of the company stands at approximately Rs 2000 crore of which the water sector now contributes close to 45 percent.
At 09:17 hrs Technofab Engineering was quoting at Rs 289.20, up Rs 48.20, or 20 percent.
It has touched a 52-week high of Rs 289.20.
Capital Ways Investment Adviser
605, Industry House , AB road Indore (MP) 452001
7771800797, 8517810864
https://www.capitalways.com/
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