Shriram EPC surge by 20 per cent on bagging orders worth Rs 349 crore

The share prices of Shriram EPC steeply rose in the early trade on Friday following the company announced that it has secured two major orders summing up to worth Rs 349 crore. The stocks of the engineering company surged by about 20 per cent to hit a high of Rs 23.45 per share on BSE.
 
The company had made the announcement through a BSE filing on Thursday, stating that it has won orders worth Rs 311 crore from Bihar Urban Infrastructure Development and Corporation for improvement of water supply in Gaya Municipal Corporation and an order worth Rs 38 crore from Karnataka Urban Infrastructure Development & Finance Corporation for the construction and maintenance of pipeline and overhead tanks in Byadgi.
 
At 1132 hours IST, the stock was trading at Rs 22.45 per share, higher by 14.83 per cent on BSE. The stock had hit an intraday high of Rs 23.45 per share and an intraday low of Rs 22 per share on Friday. The stock had hit its 52-week high of Rs 40.80 per share on November 7, 2016 and its 52-week low of Rs 19.35 per share on October 12, 2017, respectively. Meanwhile, S&P BSE Sensex was trading at 32,4 19 . 15  level, higher by 0.7 4  per cent and NSE Nifty50 was trading at 10,163. 2 5 level, higher by 0.6 6  per cent.