Shares of Welspun Enterprises spurted over 3 per cent on the Bombay Stock Exchange after the company said that it has received the Letter of Award from PWD, Government of Maharashtra for Upgradation of Roads / Two Laning of Roads / Two Laning of Roads with paved shoulder under MRIP Package on Hybrid Annuity Mode (HAM) Package No. AM 2 Under Public Works Circle, Amravati in Maharashtra State.
Following the announcement, shares of the company gained as much as 3.02 per cent and touched an intra-day high of Rs 124.35 apiece on the Bombay Stock Exchange. In a similar trend, stocks of the firm were trading at Rs 123.05 apiece, up 1.86 per cent, on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 35,231.54, down 6.14 points, or 0.02 per cent, from the previous close on the BSE at 12:25 hours.