Shares of Ahluwalia Contracts (India) Ltd skyrocketed 18% and hit a 52-week high of Rs 1,542.45 on 5 July after the company announced securing an order from the Airport Authority of India worth Rs 572 crore. 

In its regulatory filing, the company said that it had secured a contract for constructing a new terminal building, allied structure and external development works on an engineering, procurement and construction (EPC) model for a total consideration of Rs 572 crore and has to be executed in a period of 24 months.

Earlier on 10 June, the company announced securing two new orders worth Rs 482.78 crore. The first order was from Birla Arnaa LLP that has to be executed in two phases and the second order was from Indian Financial Technology and Allied Services. 

On 1 June, the company secured a contract worth Rs 2,157 crore from India Jewellery Park, Mumbai and another contract worth Rs 88.15 crore from Daffodil Hotel. 

In its quarterly earnings for January-March, the company reported a 176.87% year-on-year increase in net profit and a 34.83% YoY increase in revenue from operations during the quarter. 

At 12:35 pm, the shares of Ahluwalia Contracts were trading 14.72% higher at Rs 1,498.85 on NSE.