PSU firm to sell part of govt stake at a discounted price of Rs 187.29 a share, will garner Rs 32 cr from the move
Earnings expected to rise faster on improving execution, better order flow in more profitable segments
The stock rallied 6% to Rs 245 after the company reported 50% YoY jump in net profit at Rs 80 crore for Q1FY17.
The project management consultancy contract is valued at US$ 16.54 million