ABC India has been awarded an order of Rs 1.41 billion from BHEL for Multimodal Transportation of Export Project Cargo from India to the MSTPP Rampal Project in Bangladesh.
The stock had underperformed the market over the past one month till Feb. 27, 2018, falling 12.79% compared with the Sensex's 4.73% decline. It underperformed the market in past one quarter, declining 4.08% as against 1.84% rise in the Sensex.
Shares of the company gained Rs 16.95, or 18.51%, to trade at Rs 108.50. The total volume of shares traded was 29,802 at the BSE (1.44 p.m., Wednesday).