Penny stock jumps after Wining Rs 229.98 Crore Pune Metro Contract
Prajwal DSIJ / 10 Mar 2026 / Categories: Mindshare, Trending
The stock price has surged over 514.76 per cent in the last 5 years. The stock has also delivered about 10.63 per cent returns from its 52-week low of Rs 59.85 per share.
On Tuesday, shares of Univastu India Ltd jumped 7.05 per cent to Rs 66.21 per share from its previous closing of Rs 61.85 per share. The stock’s 52-week high is Rs 106.67 per share and its 52-week low is Rs 59.85 per share. The stock also surged about 14.63 per cent from its previous close to hit an Intraday high of Rs 70.90. As of 14:40 IST, the shares were trading at Rs 66.21.
Univastu India Ltd has announced that its joint venture, T & T Univastu JV, has secured a major infrastructure contract worth Rs 229,97,94,008 (inclusive of 18 per cent GST) for the Pune Metro Rail Project. The work order has been awarded by Maharashtra Metro Rail Corporation Ltd.
The domestic infrastructure project involves multiple design and Construction activities along the Vanaz to Chandani Chowk Corridor (Line-2A) and the PCMC-Nigdi Corridor of the Pune Metro. The project includes the construction of a 1.123 km elevated metro viaduct, development of two metro stations at Kothrud Bus Depot and Chandani Chowk, and the construction of a first-level integrated double-decker flyover at the Kothrud Depot.
The project scope also includes a Foot Over Bridge (FOB) connecting the metro infrastructure to the National Highway, along with the construction of stabling lines at the Bhakti Shakti end of the PCMC-Nigdi Corridor.
The project will be executed through the T & T Univastu JV, where T & T Infra Ltd holds a 65 per cent stake, valued at about Rs 149.49 crore, while Univastu India Ltd holds the remaining 35 per cent share, valued at approximately Rs 80.49 crore.
According to the company, the project is scheduled to be completed within 27 months, in line with the timeline specified in the tender and bid documents. The order strengthens the company’s presence in metro and urban infrastructure projects and adds a significant contract to its project pipeline.
The company has a market cap of over Rs 200 crore. The stock price has surged over 514.76 per cent in the last 5 years. The stock has also delivered about 10.63 per cent returns from its 52-week low of Rs 59.85 per share.
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