Shares of Likhitha Infrastructure hit a record high of Rs 393, rallying 15 per cent on the BSE in intra-day trade on Monday. The stock has surged 23 per cent in past two trading days after bagging multiple orders from Indian Oil Adani Gas Private Limited.
Thus far in the calendar year 2021 (CY21), the stock of smallcap construction & engineering company has zoomed 138 per cent, as the company secured orders worth Rs 234.85 crore during the fourth quarter of financial year 2020-21 (Q4FY21). In comparison, the S&P BSE Sensex has moved up 3 per cent during this period. With strong rally in past couple of month, shares of the company have soared 228 per cent from its issue price of Rs 120. The company debuted at the exchanged on October 15, 2020.
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KUALA LUMPUR: Share prices on Bursa Malaysia kicked off the week on a strong note, with the FBM KLCI advancing 0.73% amid follow-through buying momentum.
Crude spiked above $70 a barrel, regaining pre-virus levels. It could climb even higher given OPEC is holding back supply and global policymakers are stimulating economies. But if lofty prices encourage production by those outside the cartel, they may not last that long.