Price Action: Innovision shares up 12% on LoA worth Rs 243cr, Enviro Infra Engineers surged 6% on contract…

According to fresh market updates, Stock-specific action remained in focus on Dalal Street on September 9, with market participants reacting to corporate developments.

Innovision stock price further noted 12% after firm received a Letter of Award (LoA) worth Rs 243.6 crore for the engagement of a user fee collection agency for IDTL A and IDTL B fee plazas for the six-laning of the Indore-Dewas section of NH-3 and Pachwara fee plaza of NH-39 for the four-laning of the Jhansi-Khajuraho section in Madhya Pradesh. The order additionally includes the upkeep and maintenance of adjacent toilet blocks, including the replenishment of consumable items.

Stock price of Enviro Infra Engineers surged 6% following its subsidiary, Suyog Urja, has received a contract worth Rs 189.99 crore from Tata Power Renewable Energy for the execution of EPC turnkey works for the development of the 180 MW NTPC Wind Power Project at Parli, Maharashtra.

Stock price of Moschip Technologies eased 1% after Supreme Court directed the firm to furnish additional security of Rs 200 crore before September 15 in relation to a dispute linked to its proposed acquisition of 73 percent of the equity share capital of Vayavya Labs.

Among sectors, IT index shed 3%, auto, FMCG, media, realty down almost 1% each, while metal and energy indices up 1% each.

The broader indices were trading softer, with the Nifty Midcap and the Smallcap indices shed 0.5% each.

That stated, market breadth on the BSE remained negative, with 1519 shares advancing, 2048 declining and 187 remaining unchanged, indicating a mixed trend beneath the headline upside.