Multibagger infra stock zooms 6% in trade today: Check details

Shares of construction and engineering company H.G. Infra Engineering rose up to 6 per cent in Wednesday's session (December 11) after the company received a letter of acceptance for a project worth Rs 898.5 crore from the Ministry of Road Transport and Highways (MORTH).

After scaling to the day's high price of Rs 1,539.55, the stock at around 9:40 am traded higher by 3.67 per cent or Rs 53.4 at Rs 1,509.7 per share on the BSE.

The project entails improvement and up-gradation in two lane with paved shoulders configuration of newly declared NH227B Bahuvan Madar Majha to Jagarnathpur (Design Km 160.200 to Km 224.040) "84 Kosi Parikrama Marg” in Uttar Pradesh on Hybrid Annuity Mode Package VI .

The construction period for the aforesaid project will span 2 years.

Fo the project, the smallcap company made a bid of Rs 763.11 crore.

H.G. Infra share price performance

The stock on a year-to-date basis has zoomed 78 per cent, while its 3-year return is at 145 per cent.

About H.G. Infra 

H.G. Infra Engineering is an infrastructure construction, development and management company. The company is engaged in developing road projects, including highways, bridges and flyovers.