Pratibha Industries rallies over 12% on bagging new order

18/11/2016 10:06

Shares of Pratibha Industries zoomed over 12 per cent in early trade on the Bombay Stock Exchange after the company said that it has bagged a contract worth Rs 262 crore order from Melamchi Water Supply Development Board, Nepal.

Buoyed by the development, shares of company gained as much as 12.28 per cent to hit intra-day high of Rs 13.25 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 2.98 per cent to Rs 12.10 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,174.06, down 53.56 points, or 0.20 per cent, at 10:03 hours.

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