/ SPML Infra Bags Rs 642 Crore Orders Stock Hits 52-Week High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 21 June 2017

SPML Infra has received new orders for water supply and irrigation projects in Gujarat, Madhya Pradesh and Jharkhand and Power Infra Development in West Bengal. The said orders are worth Rs 642 crore.

SPML Infra was up by 2.4% at Rs 126.50 per share at 1202 hours on BSE. The stock hit a 52-week high of Rs 131.60.

The stock has delivered more than 100% returns in a period of one year. It has outperformed both BSE small-cap and Nifty Infrastructure over the same period. Its closest peers include GE Power India and Techno Electric Engineering.

SPML Infra Limited is an infrastructure development company. It is engaged in the business of construction and maintenance of water main and line connection, water reservoirs, including irrigation system (canal); construction and repair of sewer systems.

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