Stone India surged on Thursday after the company in consortium with NRT Co., South Korea executed contract valued at Rs 830 million for fitment of Platform Screen Door in 6 stations in line 2 of Delhi Metro Rail Corporation. The contract is scheduled to be executed by end of December 2015.
The company has been aggressively pursuing businesses outside Indian Railways in the recent past. This is the first major contract for the company outside Indian Railways.
Shares of the company settled at Rs 22.15, up Rs 1.05, or 4.98% at the Bombay Stock Exchange (BSE) on Thursday.
The scrip has touched an intra-day high of Rs 22.15 and low of Rs 21. The total volume of shares traded at the BSE is 20,232.
In the earlier session, the shares rose 1.93%, or Rs 0.4, at Rs 21.10. Currently, the stock is trading down 7.32% from its 52-week high of Rs 23.90 and above 58.21% over the 52-week low of Rs 14.