Ramky Infrastructure witnessed a surge in its stock price, trading at Rs. 623.35, an increase of 2.95% or 17.85 points from its previous close of Rs. 605.50 on the BSE. The stock opened at Rs. 623.90, reaching an intraday high of Rs. 634.20 and a low of Rs. 620.65, with 2020 shares exchanged so far.

The BSE 'A' group stock, with a face value of Rs. 10, had previously hit a 52-week high of Rs. 1008.90 on February 2, 2024, and a 52-week low of Rs. 427.80 on March 14, 2024. Over the past week, the stock’s range has been between Rs. 635.55 and Rs. 595.30. The company's market capitalization currently stands at Rs. 4189.93 crore.

Promoters hold a significant stake of 69.81% in the company, while institutional investors account for 1.14%, and the remaining 29.05% is held by non-institutional investors.

The stock’s performance comes after Ramky Infrastructure secured a Letter of Acceptance (LoA) from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB). The contract, worth approximately Rs. 215.08 crore (excluding CST), involves the operation, maintenance, and management of sewage treatment plants and associated infrastructure under HMWSSB’s jurisdiction for five years.

As the flagship company of the Ramky Group, Ramky Infrastructure continues to solidify its position as a leading civil and infrastructure engineering firm in India.