Sanghvi Movers Stock Rises 3% After Securing ₹180 Crore Contracts

Sanghvi Movers shares surged over 3% on Monday after securing two contracts worth more than ₹180 crore. The contracts span ten months, with the majority set to be executed in FY2024-25.

Additionally, the company has obtained a new business offering focused on above-ground piping work, fabrication, painting, and erection. This project, which includes the supply of skilled manpower and tools, specifically targets the hydrocarbons sector. The order, received from a global EPC player, is set to be completed within six months during the current financial year.

HBL