Stock market today: Shares of Highway Infrastructure Ltd came under the profit-booking trigger during the early morning session on Thursday. However, the fall could be a good opportunity for the value pickers, looking for the unsung heroes of the Indian stock market. In one month's time, Highway Infrastructure's share price has rallied from ₹43.26 to ₹71.80 per share, delivering more than 65% returns to its shareholders.
According to stock market experts, Highway Infrastructure's share price has rallied over the month for these 4 reasons: strong toll collection order wins, attractive corporate actions such as a ₹409 crore fundraise through the preferential route, the acquisition of a 51% controlling stake in the Indore-based real estate company, and strong financial numbers.
Highlighting the reasons that are fueling Highway Infrastructure shares, Anuj Gupta, a SEBI-registered market expert, said, “There have been multiple reasons for the strong rally in Highway Infrastructure shares. Strong order wins, sustained order flow, ₹49 crore fundraising, acquiring 51% controling stake in Indore-based real estate company, and strong financials of the company, were the combination of reasons, which attracted strong…