India, June 11 -- Shares of Sobhagya Mercantile Limited, with a market capitalization of Rs. 855.97 crore, were trading at Rs. 878.05, up 2.42% from the previous close of Rs. 857.30. The stock touched an intraday high of Rs. 901.00 and low of Rs. 870.00, and is currently trading at a P/E ratio of 38.83.

Sobhagya Mercantile Limited has informed stock exchanges that its joint venture entity, M/s. Adyal L.I.S. (JV), has received a major government infrastructure contract from the Vidarbha Irrigation Development Corporation (VIDC), marking a significant milestone in the company's growing presence in irrigation and civil infrastructure projects.

The contract relates to the construction of the Adyal Lift Irrigation Scheme under the Gosikhurd ...