Explained: Why RPP Infra Projects shares hit 5% upper circuit today

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Key Points

As of 12:20 pm, shares of RPP Infra Projects were up 4.99 per cent to Rs 71.36 on the Bombay Stock Exchange (BSE)...

Shares of RPP Infra Projects witnessed a 5 per cent surge, hitting a 52-week high at Rs 71.36 in early trading on Tuesday..

Additionally, RPP Infra Projects received a contract for civil works and related services, including ancillary work for an engine test facility, from the Defence Research & Development Organization in Rajankute, Karnataka..

Sun Construction-RPP (JV) also received a letter of acceptance for a new project Twad- Improvement CWSS to Pudukkottai municipality, covering three town panchayats and 15 wayside habitations in Pudukkottai district, Tamil Nadu..

It may be noted that RPP Infra's stock price has shown impressive growth, surging nearly 85 per cent in a year and over 72 per cent in 2023...

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