J Kumar Infra on expressway!

Yesterday, J Kumar Infra had hit the 20% UC at Rs.138.65 and today too, there is a lot of action on the counter. With volumes surging almost 7 times, the stock price has gone up 7% to Rs.151.85. Its 52-week high and low stands at Rs.375 and Rs.112.80 respectively.

The company has received an order worth Rs 1349 crore from the National Highways Authority of India (NHAI).

This is for the construction of Dwaraka Expressway from Shiv Murti Intersection at 20km of NH-8 till Rail Under Bridge (RUB) near Dwarka Sector-21 from 0.800km to 5.300km Package-1 in Delhi via the engineering, procurement, and construction (EPC) mode.

This is the same expressway from which Reliance Infra pulled out of the tender. The construction of the 27-km long Dwarka Expressway, planned in 2006, has been unduly delayed on account of delay in land acquisition and getting forest clearances.