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Afcons Infrastructure shares jump 5% after securing Rs 7,544 crore Croatia railway project
Afcons Infrastructure shares jumped over 5% after the company secured its largest-ever international project—a Rs 7,544 crore railway construction and rehabilitation order in Croatia. The win marks Afcons’ entry into the European infrastructure market, boosting sentiment as mutual funds raised stakes and technical indicators signalled strengthening momentum.
Two infra stocks that may react on Tuesday after order wins worth over ₹11,000 crore
Shares of infrastructure companies Afcons Infrastructure and HG Infra Engineering will be in focus today, after both firms announced large project wins worth over ₹11,000 crore combined across international railway and domestic highway segments.
Stocks To Watch Today: BPCL Dr Reddy's Labs, Afcons Infra, Canara Bank And HG Infra Engineering
Here's a look at stocks that are likely to be in focus during the trading session on Tuesday.
India's Afcons emerges as successful bidder to construct railway line in Europe
Indian company Afcons Infrastructure Ltd has secured a major railway project in Croatia. This marks Afcons' entry into Europe and is its largest international order to date. The project involves reconstructing an existing track and building a second line. It includes civil works, electrification, and signaling. The contract is valued at over 677 million Euros.
Afcons Infrastructure emerges as lowest bidder for 677 million railway project in Europe
Afcons Infrastructure has announced that it has received intimation from the client regarding its selection as the most suitable bidder for the rehabilitation and construction of a railway line project in Europe.
Afcons Infrastructure wins ₹7,544 crore railway project in Croatia, marks entry into Europe
Shares of Afcons Infrastructure Limited ended at ₹327.40, down by ₹13.35, or 3.92%, on the BSE.
Afcons Infrastructure bags Rs 373-cr civil works order
Afcons Infrastructure announced that it has secured orders worth Rs 373 crore for civil infrastructure works under its Urban Infrastructure and Metro business unit.
Afcons Infra secures ₹373 crore orders for urban, metro projects in April
Afcons Infrastructure wins ₹373 crore urban and metro EPC and tunnelling orders, 20% equity lock in ends, shares close at ₹342, up 0.68%.
Six companies to see equity worth ₹64,000 crore free up this week; 85% belongs to one stock
As many as six companies, Deepak Builders, Afcons Infra, Emmvee Photovoltaic, Studds Accessories, Lenskart Solutions and Orkla India, will see their respective shareholder lock-ins end this week. The cumulative value of the shares that will free up for trade is worth nearly ₹64,000 crore, based on their respective closing price levels from last Thursday. Of this, nearly 85% of that value belongs to only Lenskart.
Shareholder lock-in: Lenskart, Afcons among companies to become eligible for trading this week
While the expiry of the lock-in does not necessarily translate into immediate selling pressure, it often remains a key trigger for investors tracking supply overhang. Four of the six companies are currently trading below their issue price.
Cemindia Projects among 5 stocks closed above VWAP, signaling bullish shift
Five stocks including Force Motors, Chennai Petroleum Corporation, Cemindia Projects, Hitachi Energy India, and Afcons Infrastructure closed above VWAP on April 28, signaling bullish sentiment and potential upward price momentum.
Volumes jump at Afcons Infrastructure Ltd counter
Afcons Infrastructure Ltd saw volume of 316.76 lakh shares by 14:09 IST on NSE, a 77.63 fold spurt over two-week average daily volume of 4.08 lakh shares