On Friday, the share prices of Interarch Building Products Limited have seen a rise of more than 14 percent. The reason behind this surge is that the company is getting new work worth Rs 633.50 crore in the financial year 2025. After this, the order book of the company is to cross Rs 1350 crore. The company has also got work from Reliance Industries and Ashok Leyland.
The stock reached a 52 week high
The company’s stock opened at Rs 1255 on Friday in BSE. The company’s stock rose more than 14 percent during the day and reached an intra-day high of Rs 1348.30. This is also the company’s 52 week high. At the time of market closing, the price of Interarch Building Products Limited shares was Rs 1325.50.
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When and from whom did you get the work?
The company received work worth Rs 341 crore in the first quarter of the current financial year. This includes work worth Rs 114 crore from Reliance Industries and Rs 60 crore from MPIN Solar. The company is to receive work from IDVB Recycling, SMCC Construction, Tata Advanced Systems, Brit Logistics, Uttam Bharat.
In the second quarter, the company has received work worth Rs 293 crore so far. Out of this, work worth Rs 50 crore is to be received from Amara Raja Infra. Apart from this, the company has received work worth Rs 26 crore from Ashok Leyland.
IPO came last month
The IPO of Interarch Building Products opened on 19 August 2024. The company’s IPO was open till 21 August. At the time of the IPO, the price band of the company was fixed at Rs 850 to Rs 900 per share. The company had an issue price of 16 shares. Due to which investors had to place a minimum bet of Rs 14,400. The company had raised Rs 179.49 crore from anchor investors.
(This is not an investment advice. The stock market is subject to risks. Please seek expert advice before making any investment.
