WPIL Shares End 7.75% Higher on Order Win
Shares of WPIL Ltd ended 7.75% higher on 15th December. This came after the company announced that its South African subsidiary, PCI Africa Consortium, has been awarded a Rs 1,340 crore contract. The contract is to upgrade and expand the Macassar Wastewater Treatment Works for the City of Cape Town.... The post WPIL Shares End 7.75% Higher on Order Win appeared first on Equitypandit.
Shares of WPIL Ltd ended 7.75% higher on 15th December. This came after the company announced that its South African subsidiary, PCI Africa Consortium, has been awarded a Rs 1,340 crore contract. The contract is to upgrade and expand the Macassar Wastewater Treatment Works for the City of Cape Town.
WPIL said its share of the project is estimated at around Rs 630 crore. The contract is expected to be executed over 54 months.
Despite the strong gain, the stock is still trading below its key moving averages. The 50-day moving average stands at Rs 421, while the 200-day moving average is at Rs 423. This indicates continued technical weakness.
WPIL shares have fallen 44% so far in 2025, making this their worst yearly performance since 2008. Currently, the company’s market capitalisation stands at around Rs 3,902 crore.
At 3:30 PM, shares of WPIL Ltd ended 7.77% higher at Rs 399.55 on BSE.
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The post WPIL Shares End 7.75% Higher on Order Win appeared first on Equitypandit.
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