{"id":109042,"date":"2023-09-05T17:10:26","date_gmt":"2023-09-05T11:40:26","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109042"},"modified":"2023-09-05T17:10:48","modified_gmt":"2023-09-05T11:40:48","slug":"stock-jumps-6-after-company-receives-an-order-worth-997-from-nhai","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-6-after-company-receives-an-order-worth-997-from-nhai\/","title":{"rendered":"Stock jumps 6% after company receives an order worth \u20b9 997 from NHAI"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3141232053\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This infra stock surged up to 6% in Tuesday&#8217;s trading session after it received an order worth Rs. 997 crore. The stock saw a strong momentum in the market today.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2707693054\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HGINFRA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">HG Infra<\/a><\/strong> opened at Rs. 945.80 per piece and traded nearly 6% higher to reach its intra- day of Rs. 991.50 apiece. The stock gained 51.2% in the last one year and 374.8% in the last three years.<\/p><p>On 5 September 2023, the company\u2019s subsidiary H.G. Karnal-Ringroad Private Limited received an order for Construction of 6-Lane Greenfield Karnal Ring Road starting from NH-44 near Village 2023 Shamgarh and terminating at Karnal -Munak Road near Village Samalakha under Bharatmala Pariyojana in the state of Haryana on Hybrid Annuity Mode (HAM) from National Highways Authority of India (NHAI) worth Rs. 997.11 crore. The project is expected to be completed within 730 days.&nbsp;<\/p><p>The company holds a market capitalization of Rs. 6135.21 crore. Comparing its financials on a QoQ basis, the company made a revenue of Rs. 1535.43 crore in Q4FY23 which fell by 12% to Rs. 1351.16 crore in Q1FY24. Its net profit fell by 12% to Rs. 150.38 crore in Q1FY24 from Rs. 170.93 crore in Q4FY23.<\/p><div class=\"trade-content_5\" id=\"trade-274411555\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>HG Infra Engineering is a construction company which takes up big infrastructure projects such as roads, highways and bridges. It also facilitates in grading and extension of land development, runaways and railways. The company was incorporated in 2003 and has diversified into water pipeline business as well.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/p><div class=\"trade-after-content\" id=\"trade-1094556573\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This infra stock surged up to 6% in Tuesday&#8217;s trading session after it received an order worth Rs. 997 crore. The stock saw a strong momentum in the market today. Share price of HG Infra opened at Rs. 945.80 per piece and traded nearly 6% higher to reach its intra- day of Rs. 991.50 apiece. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11731,11732,11730,948,936,11733],"class_list":["post-109042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hg-infra-latest-news","tag-hg-infra-latest-order","tag-hg-infra-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-hg-infra-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 6% after company receives an order worth \u20b9 997 from NHAI - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This infra stock surged up to 6% in Tuesday&#039;s trading session after it received an order worth Rs. 997 crore. 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