ARSS Infrastructure share price surges 9% on bagging Rs 210-crore order

The company has got a Rs 210-crore order for improving to two-lane a section of NH-40 in Meghalaya.

November 25, 2020 / 12:01 PM IST
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Since the lockdown rules have lifted significantly, I’m sure a lot of you are itching to go out on a road trip. If you’re in the market looking for something that will help ferry the entire family, here’s a list we think could make that choice easier.

 
 
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ARSS Infrastructure share price jumped more than 9 percent 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 stock was trading at Rs 15.45, up Rs 1.19, or 8.35 percent at 1143 hours. It has touched an intraday high of Rs 15.65 and an intraday low of Rs 13.75.

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According to Moneycontrol SWOT Analysis powered by Trendlyne, 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.

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Moneycontrol technical rating is bullish with moving averages and technical indicators being bullish.

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Moneycontrol News
first published: Nov 25, 2020 12:01 pm

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