New Delhi, Dec. 18 -- Shares of Antony Waste Handling Cell Limited, one of the leading players in the Indian municipal solid waste management industry, rose sharply in Thursday's early trade session on December 18, even as the Indian stock market continued to drift lower for the fourth straight session.

The shares began the session sharply higher at Rs.460 per share and went on to touch Rs.518.40, a sharp 19% increase from the previous close, which also pushed the stock's month-to-date returns to 10% and contributed to a sharp cut in yearly losses to 18%.

The rally followed after the company announced a significant order win. In a post-market filing on Wednesday, the company said that its material subsidiary, AG Enviro Infra Projects Pr...