Swastika Infra bags ₹615 cr MSEDCL contract, stock up 5%

Swastika Infra's stock rose 5% to ₹209.95 after securing a ₹615.76 crore contract from Maharashtra State Electricity Distribution Company Limited for upgrading power infrastructure in Bhandup Zone. Listed on September 30, the company's IPO was oversubscribed 7.6 times. Its order book now stands at ₹1,400 crore across nine states.