NEW DELHI: Shares of Stone India surged 13 per cent in Thursday’s trade after the company informed BSE that it has secured an order worth Rs 28.70 crore in Chhattishgarh. In a regulatory filing to BSE, the company said it has “bagged an order for supply and installation of 9,090 units of bio-toilets to the government of Chhattisgarh, in a contract valued at Rs 28.70 crore via its business associate, M/s Cranberry Westlink T&D. This is the single largest order of bio-toilets for Stone India.”
Following the announcement, the stock rallied 12.92 per cent to hit a high of Rs 83.90 on BSE. Yet at this price, the scrip was trading 21 per cent lower than its 52-week high of Rs 105.40 hit on January 5 this year.
The smallcap company is engaged into manufacturing of brake systems and train lighting alternators. It offers a wide array of mechanical and engineering products for the rail road industry.
Here’s how the stock has fared against its peers in the past one month.
