Era Infra hits upper circuit

Era Infra Engineering had breached the lower circuit at Rs.6.64 and today morning it has breached the 5% upper circuit at Rs.6.97. The stock has been pretty volatile for the past few days with constant upper and lower circuit breaches and high volumes.

Today, the stock is up after it announced yesterday after market closure that it has received a Rs.329 crore order from state of Chattisgarh, under the "Rehabilitation and Upgradation of NH-216 from km 3.800 to Km 90.460. This work entails making two-lanes with paved shoulders under NHDP-IV on EPC basis.