McNally Bharat jumps and spurts

McNally Bharat Engineering in up on a buzz today. The stock price rose 8.5% to Rs.60 and remains firmly in the green. The stock’s 52-week high is at Rs.79.30 and low at Rs.37.60.

The market is happy that it has received an order for Construction of Entry/Exit structure of Elamkulam Station and Balance Works in the Main Station Building at Elamkulam, from Delhi Metro Rail Corporation. This is valued at Rs.43 crore.  

The company is engaged in the construction and maintenance of power plants and industrial facilities. The company is involved in turnkey projects in infrastructure and related manufacturing activities.