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Interarch Building Products Limited, a small-cap company specializing in turnkey pre-engineered steel construction solutions, saw a 4% surge in early trading after securing a significant order worth Rs. 221 crores from Tata Projects. The order is for a Semiconductor and Li-ion Battery facility.
With a market capitalization of Rs. 2,571.53 crores, the company’s shares reached a high of Rs. 1,624.85 per equity share, marking a 4.46% increase. However, the stock pulled back from the day’s peak and was trading at Rs. 1,525.05, representing a 1.95% decrease from its previous day’s close of Rs. 1,555.45.
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Notably, the stock has delivered a strong return of around 27.71%, outperforming the Nifty Index since its listing.
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