RPP Infra Projects Share Price Rises 5% on New Orders Worth ₹1.43 Crore

Market Performance

• On August 1, RPP Infra Projects share price surged 5% during early trade.
• The stock was quoted at ₹130.25, reflecting a gain of ₹6.20 on the BSE.
• Buy orders stood at 3,407 shares, while there were no sellers available at that moment.

Main News

RPP Infra Projects announced that it received a Letter of Acceptance (LoA) for a new work order. This order involves:

• Supply, erection, testing, commissioning, and certification of one Kone make stretcher cum passenger elevator.
• The project also includes civil and electrical work.
• The total contract value for this new order stands at ₹1.43 crore.

This announcement contributed significantly to the positive sentiment around the RPP Infra Projects share price.

Company Details

RPP Infra has been actively securing new contracts in recent weeks. Notably:

• On July 23, the company received another Letter of Acceptance for:
  • Development of a storm water drainage system at the Millerpuram Housing Board, located in the west zone of the Thoothukudi City Municipal Corporation (Package 2).
  • This project carries a contract value of ₹2.44 crore.

The company’s ongoing ability to win orders reinforces its presence in the infrastructure sector, which directly impacts the RPP Infra Projects share price performance.

Stock Highlights

• 52-week High: ₹255.00 (as on December 18, 2024)
• 52-week Low: ₹115.50 (as on February 28, 2025)
• Current stock price is:
  • 48.92% below its 52-week high
  • 12.77% above its 52-week low

Market Capitalisation

• RPP Infra Projects’ market cap currently stands at ₹496.81 crore.

6-Month Share Price Movement

• The share price has declined 28% over the last six months, despite occasional surges from contract wins.

Summary

The RPP Infra Projects share price rallied 5% after the company announced a new order worth ₹1.43 crore. Alongside previous contracts like the ₹2.44 crore storm water drain project, these developments signal active business momentum.

While the stock remains below its 52-week high, it continues to attract investor interest due to fresh contract acquisitions. The upward movement on August 1 reflects positive sentiment fueled by these wins, even as the broader 6-month trend shows a decline.