Vikran Engineering surges after securing Rs 154 crore order from Power Grid Corp
Power Grid secured new business.
· Business Standard Mkts
Vikran Engineering jumped 9.06% to Rs 61.15 after the company announced that it has secured a new order aggregating approximately Rs 153.76 crore from Power Grid Corporation of India for the 400 kV AIS Extension Substation Package SS 136T.
The analysis
Power Grid reported Rs 154 crore and Rs 61.15, with movement of 9.06% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.9% on the day at ₹245.70, and has returned -11.9% over three months. It sits 23% below its 52-week high. The power sector has moved -13.4% over the same period, so Power Grid is running 1.5 points ahead of its peers.
For Power Grid, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Market context
- The company directly in focus is POWERGRID.
- Sector exposure: Power.
- The immediate tone of coverage reads positive.
In this story
Related coverage
ONGC, NTPC, BDL, BEL, IOC among 13 CPSE stocks to hit 52-week lows on Thurs
India's wind power capacity may cross 250 Gw by 2035: Suzlon's Girish Tanti
KP Energy locked at 5% upper circuit on 9-MW wind power project contract
NTPC arm to soon start commercial operations of 500 MWh BESS capacity: CEO
Adani Power shares crash over 6%, down for second consecutive session - What tech charts signal? Experts decode