Univastu Stock Hits 5% Upper Circuit After Bagging Rs24 Cr Metro Line 4 & 4A Deal From L&T
India, Sept. 18 -- India's urban infrastructure build-out has increasingly become a story of large main contractors like L&T subcontracting specialised electrical, mechanical and systems work to smaller, technically focused EPC players rather than executing every piece in-house. That shift has opened up a steady stream of work for companies that can handle niche scopes such as compressor systems, CCTV integration, or traction and power supply within metro projects. Univastu India's latest set of orders is a fairly clean example of that dynamic playing out.
Shares of Univastu India Ltd. were trading at Rs. 152.26, up 5.00 percent from previous close of Rs. 145.01. The stock opened at Rs. 152.26, reaching an intraday high of Rs. 152.26 an...
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