Indian Hume Pipe Jumps After Order Win

Gold Silver Reports (GSR) – Indian Hume Pipe Jumps After Order Win — Shares of the pipe maker rose as much as 8.9 percent to Rs 368.70, after it bagged a work order worth Rs 108.19 crore from the Gujarat government.

The stock has gained the most since March 27 after it secured an order from Narmada Water Resources, Water Supply & Kalpsar Department, Gujarat, for a lift irrigation project, according to its stock exchange notification.

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Traded volume is 142 times the 30-day average. The stock declined 20.8 percent since the beginning of the year, compared to 1.4 percent gain in the country’s benchmark Sensex.

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