SPML Infra surges almost 18% on new orders

SPML Infrarallied on Monday after receiving two letters of intents (LoI) for ordersworth Rs 4.18 billion.The company has received first LoI from Public Health Engineering Department worth Rs 2.31 billion. It secured another LoI worth Rs 1.87 billion from Government of Rajasthan. Shares ofthe companyare trading at Rs 74, up Rs 11.2, or 17.83% at the Bombay Stock Exchange (BSE) on Monday at 12:05 p.m.The scrip has touched an intra-day high of Rs 75.35 and low of Rs 62.80. The total volume of shares traded at the BSE is 16,105.In the earlier session, the shares rose 1.29%, or Rs 0.8, at Rs 62.80. Currently, the stock is trading down 49.3% from its 52-week high of Rs 145.95 and above 30.74% over the 52-week low of Rs 56.60.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 58.90 3.90 6.62 1 Month 66.60 (3.80) (5.71) 3 Months 67.80 (5.00) (7.37) 6 Months 81.60 (18.80) (23.04) 1 Year 128.55 (65.75) (51.15) Note: Based on previous day closing price.