Era Infra hits the upper circuit

Era Infra Engineering breached the 5% upper circuit today at Rs.16.55, with volumes surging almost 3 times.

The stock has hit the roof, reacting to the news that the company has secured an order from Airport Authority of India. This order is for the construction of a new integrated Terminal Building at VSI Airport, Port Blair. This construction order is valued at around Rs.315 crore.

This is good news coming on the counter of Era Infra after a long time as it had ended Q1FY15 with a net loss of Rs.167 crore on a 68% decline in net sales at Rs.370 crore.