Stock looted after recovery of over Rs 600 crore
Business Business: The share price of Interarch Building Products Limited rose more than 14 per cent on Friday. The reason for this increase is that the company achieved new business value of Rs 633.5 million in FY25. After this, the order book of the company will be more than Rs 135 crore. The company has also received orders from Reliance Industries and Ashok Leyland.
On Friday, the company’s shares started trading at Rs 1,255. During the day, the share price of the company rose more than 14 per cent and reached an intraday high of Rs 1,348.30. This is also the highest value for this company in the last 52 weeks. The share price of Interarch Building Products Limited was Rs 1325.50 at market close.
In the first quarter of the current financial year, the company received work orders worth Rs 341 crore. This also includes work of Rs 114 crore from Reliance Industries and Rs 60 crore from MPIN Solar. The company will employ IDVB Recycling, SMCC Construction, Tata Advanced Systems, Brit Logistics and Uttam Bharat.
The company has received orders worth Rs 293 crore till the second quarter. This has been done from Rs 50 billion received by Amara Raja Infra. Additionally, the company has got a deal of Rs 2,600 crore through the IPO of Ashok Leyland and Interarch Building Products, which opened on August 19, 2024. The company’s IPO was open till August 21. At the time of IPO, the price band of the company was fixed at Rs 850-900 per share. This company owns one of the 16 shares. For this, investors had to stake at least Rs 14,400. The company has raised Rs 179.49 crore from major investors.
