Mcnally Bharat spurts nearly 4% on Rs 81.11 cr order win

Buoyed by the report that country's leading engineering company has bagged Rs 81.11 crore from Gammon India, shares of Limited gained nearly 4 per cent on the Bombay Stock Exchange in early trading.

The company in its filling to BSE said that it has won Rs 81.11 crore order from Gammon India Limited for construction of Behala Bazar, Taratala and Majerhat Stations including all related works in Joka- BBD Bag corridor of Kolkata Metro Railway Line .

Cheering the development, shares of the company started the day on positive note and witnessed a gain of as much 3.79 per cent to Rs 98.45 a piece on BSE.

However, there was contraction in volume of trade with 0.32 lakhs shares changing hands till now compared to average of 0.65 lakhs shares in daily trade on BSE.

In a similar fashion, shares of the company were trading at Rs 96.30, up 1.37 per cent on the National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 16,202.36, up 172.27 points or 1.07 per cent at 10:22 hours.