Pratibha Ind rallies 14% on 2 orders from Rajasthan govt

Moneycontrol Bureau

Investors are buying shares of Pratibha Industries after the company received orders worth Rs 516.17 crore from Rajasthan government. The stock jumped 14.5 percent in intraday trade on Monday.

The first order of Rs 292.49 crore included work of cluster scheme of 213 villages of Jahajpur and Kotri Tehsils along with augmentation of UWSS of Jahajpur town from Khajoori Headworks under Chambal-Bhilwara water supply project phase-II with operation and maintenance for 10 years, the company said in its filing.

Also Read - Wockhardt down 5% on Chikalthana plant concerns

The second order is worth Rs 223.68 crore, which is awarded for work of regional water supply scheme of 226 villages of Bharatpur district.
 
At 12:54 hours IST, the stock was trading at Rs 22.85, up 7.28 percent on the Bombay Stock Exchange.

(Posted by Sunil Shankar Matkar)