Stocks from NBCC to PNC Infratech and Bajel Projects have gained up to 9% on Thursday based on non-earnings-related newsflow. Bajel Projects is among the top gainer among this list.
1 / 6Markets are in the thick of earnings season and the stocks under radar are usually of companies either reporting or reacting to their results. However, here are five stocks that are reacting to non-earnings related news on Thursday.
2 / 6NBCC | NBCC (India) Ltd. has won work orders worth ₹131.02 crore in Andhra Pradesh and New Delhi. These include a ₹25.52 crore project management consultancy contract from Central Bank of India for the construction of its office building in Amaravati, Andhra Pradesh. The other order is worth ₹105.5crore from the state’s Resident Commissioner for the construction of the new Andhra Pradesh Bhavan in Delhi. NBCC shares were trading 1.1% higher at ₹95.97 apiece at 9.20 am. on Thursday.
3 / 6PNC Infratech | The company’s joint venture with SPS Constructions India Pvt Ltd has emerged as the lowest bidder for a ₹571.81 crore EPC project from UP State Bridge Corporation Ltd. The project is for the construction of a four-lane major bridge over the Ganga river with a footpath on Bhairoghat Dhobighat Jalkal Campus, connecting Trans Ganga City to Kanpur City, including approach roads and protection works in Kanpur, Uttar Pradesh. PNC Infratech shares were trading 3.2% up at ₹227.2 apiece at 9.20 am on Thursday.
4 / 6Max Estates | The company launched ‘The Terraces’ at Estate 361 in Gurugram with a gross development value of ₹1,200 crore. The project is part of Estate 361, its integrated residential development in Sector 36A, Awarka Expressway, which is spread across ₹18.23 acre and has an overall GDV of ₹9,000 crore. The stock was up 3% at ₹405.7 apiece at 9.20 am on Thursday.
5 / 6GR Infra | The company received the provisional completion certification for a ₹927 crore hybrid annuity mode project. The same was for the development of a six-lane Amritsar-Bathinda Greenfield section of the Amritsar-Jamnagar Economic Corridor in Punjab. The stock was up 0.7% at ₹950.3 apiece at 9.20 am on Thursday.
6 / 6Bajel Projects | The company bagged an order in the range of ₹200 crore to ₹300 crore. The contract is for a 756 kV AIS substation package in Maharashtra and is to be completed in 21 months from the date of issuance. The stock was trading 9.2% higher at ₹185.55 apiece at 9.20 am on Thursday.
