On fast lane! Highway infra stock jumps 65% in a month; what's behind momentum? Experts' views, target price, stop-loss
Stock market today, Oct. 29 -- Shares of Highway Infrastructure Ltd came under the profit-booking trigger during the early morning session on Thursday. However, the fall could be a good opportunity for the value pickers, looking for the unsung heroes of the Indian stock market. In one month's time, Highway Infrastructure's share price has rallied from Rs.43.26 to Rs.71.80 per share, delivering more than 65% returns to its shareholders.
According to stock market experts, Highway Infrastructure's share price has rallied over the month for these 4 reasons: strong toll collection order wins, attractive corporate actions such as a Rs.409 crore fundraise through the preferential route, the acquisition of a 51% controlling stake in the Indore-b...
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