Bengaluru, Jan. 9 -- This Infra Stock, engaged in civil construction of railway infrastructure, bridges, roads, dams, canals, and maintenance works for government projects across India, jumped 2 percent after receiving an order worth Rs. 54 crore from East Coast Railways for the construction of a Road Over Bridge.

With a market capitalization of Rs. 1,245.64 crores, the share of A B Infrabuild Limited has reached an intraday high of Rs. 19.70 per equity share, rising nearly 2.13 percent from its previous day's close price of Rs. 19.29. Since then, the stock has retreated and is currently trading at Rs. 19.50 per equity share.

Reason Behind the Surge

A B Infrabuild Limited has received a Letter of Acceptance from East Coast Railways, In...