ARSS Infrastructure’s share price jumped more than 9 per cent intraday on November 25 after the company bagged a Rs 210-crore highway order.
A work order of Rs 210 crore for improvement to two-lane with paved shoulder of NH-40 section in Meghalaya on EPC mode under JICA Loan Assistance was awarded by National Highways & Infrastructure Development Corporation Limited, the company said in an exchange filing.
The company has got a Rs 210 crore order for improving to two-lane a section of NH-40 in Meghalaya.
The stock was trading at Rs 15.68, up to Rs 1.42, or 9.96 per cent at 4:20 PM (IST). It has touched an intraday high of Rs 15.68 and an intraday low of Rs 13.75.
According to SWOT Analysis powered by Trendline, the stock is showing strong momentum: price above short, medium, and long-term moving averages. The company has been efficient in managing assets to generate profits – ROA improving since last 2 years.
Moneycontrol technical rating is bullish with moving averages and technical indicators being bullish.