Bengaluru, Aug. 18 -- A penny stock touched its upper circuit after announcing fresh project wins. Investor sentiment turned positive despite subdued quarterly earnings, with the new orders expected to boost its execution pipeline.

Ecoboard Industries Ltd., with a market capitalization of Rs. 49.70 crore, opened high at Rs. 27.87 against the previous close of Rs. 26.55, marking a 4.96 percent jump, and hitting its 5 percent upper circuit limit.

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The company has been awarded a work order amounting to Rs. 2,250.00 lakh excluding GST from Kaligiri Renewable Energy Private Limited for a 12 TPD CBG Plant - Sulzer based Wet CSTR.

Additionally, it has secured a work order of Rs. 440.00 lakh from Athani Sugars Limited for the ...