Bengaluru, April 30 -- The shares of this small cap company majorly engaged in the business of manufacturing, laying and joining of pipelines, jumped nearly 9 percent after securing work order from the government of Telangana.

With the market capitalization of Rs. 1,733 Crores, the shares ofIndian Hume Pipe Company Ltd reached an intraday high of Rs. 350 per share rising nearly 9 percent from its previous day closing of Rs. 321 per share and is trading at a P/E of 16.5 whereas industry P/E stands at 32.7

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Indian Hume Pipe Company has received a work order worth Rs. 458.69 crore from the Public Health and Municipal Engineering Department in Telangana. The project focuses on improving the water supply system in Greater Wa...