A2Z Infra Engineering jumps 8% on contract win from Nepal


Mumbai : Share prices of A2Z Infra Engineering gained 8.2 percent intraday Monday as it has won contract worth of Rs 90.5 crore. The contract has been awarded from Nepal Electricity Authority (a Government of Nepal undertaking). The said contract is for expansion of distribution network in the Western region of Nepal. At 09:34 hrs A2Z Infra Engineering was quoting at Rs 33.25, up Rs 2.30, or 7.43 percent.

The scrip opened at Rs. 32.1 and has touched a high and low of Rs. 34.6 and Rs. 31.6 respectively. So far 2197013(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 392.74 crore. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.2 on 09-Jun-2016 and a 52 week low of Rs. 12.05 on 11-Jun-2015. Last one week high and low of the scrip stood at Rs. 34.2 and Rs. 26.5 respectively. The promoters holding in the company stood at 49.65 % while Institutions and Non-Institutions held 11.73 % and 38.61 % respectively. The stock is currently trading above its 50 DMA.