India, June 22 -- A New Delhi-listed crane manufacturer's shares surged on June 22 after the company disclosed a fresh batch of purchase orders for EOT cranes and related products. The orders, aggregating to approximately Rs. 18.52 crore, were received from Bharat Heavy Electricals Limited and Indian Railways for workshop infrastructure projects. The disclosure, filed under Regulation 30 of the SEBI Listing Regulations, noted that with these additions, the company's total order book has now crossed Rs. 100 crore.

With a market capitalisation of Rs. 54.05 crore, the shares of Cranex Limited were trading at Rs. 82.27 per share, up 8.97 percent from its previous closing price of Rs. 75.50 apiece. It is trading at a P/E of 27.36.

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