India, July 4 -- After being on a downward trend since its listing on the bourses, shares of ArisInfra Solutions rose 7.8% to close today's session at INR 172.65. During the intraday trading, the stock zoomed as much as 12% to INR 178.95.

This came a day after ArisInfra announced a major contract win for its subsidiary ArisUnitern RE Solutions. The subsidiary, which is engaged in providing businesses integrated construction materials and other services, secured an INR 100 Cr contract for a residential project in Bengaluru's Nandi Hills region.

The contract is projected to add about INR 100 Cr to the company's combined materials and services order book with "high margins", ArisInfra said in a statement. Overall, the residential project, ...