India, Jan. 8 -- The shares of this company, a key player in India's construction industry, providing civil, structural, and infrastructure project services to both government and private clients, had its shares in momentum after signing an MOU to develop data centre infrastructure in Maharashtra with Sweden-based URBS Systems.

With the market cap of Rs 236 crore, the shares of Univastu India Ltd had hit their intraday high at Rs 68.4, gaining about 5 per cent compared to their intraday low at Rs 65. The shares are trading at a PE of 18.1, whereas their industry PE is at 18.4.

About the MOU. The MoU was signed recently by Univastu India with Sweden-based URBS Systems. It is a new beginning for Univastu India to foray into the rapidly e...