Stocks

Bharat Road Network hits upper circuit; unit gets arbitration award

Reuters | Updated on April 02, 2019 Published on April 02, 2019

Bharat Road Network shares climbed as much as 20 per cent to Rs 112.2, their biggest intra-day percentage gain since February 7.

The company said on Monday its unit got an arbitration award of Rs 323 crore ($46.59 mln) in arbitration proceedings between the unit & NHAI.

More than 91,297 shares changed hands, compared to the 30-day moving average of 1,51,736 shares.

The stock has hit the upper circuit level and has posted its highest since March 13.

Published on April 02, 2019
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