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COSYN hits 52-week high, up 20% on order win in Oman

The company in consortium with two companies of Oman has bagged an order in the utilities space of Omani Riyal 42,96,156 which is equivalent to Rs 75 crore.

September 12, 2016 / 02:18 PM IST
 
 
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Moneycontrol BureauShares of COSYN has touched 52-week high of Rs 76.10 and locked at 20 percent upper circuit on Monday as it has received order in the utilities space.The company in consortium with two companies of Oman has bagged an order in the utilities space of Omani Riyal 42,96,156 which is equivalent to Rs 75 crore.The duration of the said project is four years.The order requires formation of a joint venture for which discussions are taking place.At 13:18 hrs COSYN was quoting at Rs 76.10, up Rs 12.65, or 19.94 percent on the BSE.There were pending buy orders of 65,894 shares, with no sellers available.Posted by Rakesh Patil

first published: Sep 12, 2016 02:18 pm

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