Shares of G R Infraprojects Ltd. rose on Monday, in comparison with the benchmark NSE Nifty 50, which declined by 0.14%.

The corporate obtained a letter of award for the development of a four-lane, access-controlled greenfield freeway part of NH163G for Rs 847.87 crore. The freeway is from Venkatpur village in Warangal district to Thallasenkesa village in Mahabubabad district of Telangana.

Shares rose 3.60% to Rs 1,040.75 apiece in commerce, and the inventory superior as a lot as 4.92% intraday. Complete traded quantity stood at 2.9 instances its 30-day common. The relative power index was at 51.2.

Out of the 15 analysts monitoring the corporate, 12 keep a ‘purchase’ score, two advocate a ‘maintain’ and one suggests to ‘promote’ the inventory, in response to Bloomberg knowledge.

The return potential, as calculated by the consensus of analyst estimates, stands at an upside of 36.7% over the following 12 months.