Indian Hume Pipe witnessed a rise in share price on Monday after the company has secured a work order of Rs 5.78 billion from Madhya Pradesh Jal Nigam Maryadit for Kundaliya Multi Village Rural Water Supply Scheme District-Rajgarh, Madhya Pradesh.

Shares of the company are trading at Rs 362, up Rs 18, or 5.23% at the Bombay Stock Exchange (BSE) on Monday at 12:34 p.m.

In the earlier session, the shares gained 0.16%, or Rs 0.55, at Rs 344. Currently, the stock is trading down 38.75% from its 52-week high of Rs 591.00 and above 26.66% over the 52-week low of Rs 285.80.

The scrip has touched an intra-day high of Rs 375 and low of Rs 359.05. The total volume of shares traded at the BSE is 25,645.