Monarch Surveyors and Engineering Consultants’ shares surged 5.00% to reach their upper circuit limit at RS 238.55, gaining 11.35 points from the previous close of RS 227.20 on the BSE.

The stock opened at RS 238.55 and recorded an intraday high and low of RS 238.55, with around 4,800 shares traded so far. The company’s current market capitalization stands at RS 337.69 crore.

In the past week, the scrip has traded between a high of RS 238.55 and a low of RS 205.00. The stock has a 52-week high of RS 435.00 (29-Jul-2025) and a 52-week low of RS 205.00 (07-Oct-2025). The promoters hold 100% stake in the company.

The rally comes after Monarch Surveyors and Engineering Consultants received a Letter of Acceptance (LoA) for conducting Final Location Survey, Geological Studies, Traffic Survey, Techno-Economic Studies, and Design of Railway Alignment, along with preparing the Detailed Project Report (DPR) for the construction of an additional new broad-gauge railway line between Jammu Tawi (JAT) and Shri Mata Vaishno Devi Katra (SVDK) stations under the Jammu Division.

The total project value is estimated at RS 6.18 crore, marking a significant milestone expected to positively influence the company’s future operations.

Monarch Surveyors and Engineering Consultants specializes in comprehensive consultancy services from concept to commissioning for infrastructure projects, covering sectors such as roads, railways, metros, urban planning, geospatial mapping, land acquisition, water systems, transmission lines, pipelines, and other civil engineering domains.