GPT Infra hits new high

GPT Infraprojects is buzzing loud and clear; the stock, which had closed yesterday at Rs.96, opened higher today at Rs.98 and soon went on to hit the 20% UC of the day at Rs.115.20, a new 52-week high.

The stock hit a high after the company announced that it has received a Rs.173 crore order from Northern Railway.

This is for doubling of railway track between Ludhiana and Kila Raipur including electrification and signalling and telecommunication works on engineering, procurement and construction mode.

This order is through a JV wherein GPT holds 51% stake.