Garden Reach inks MoU with National Highway Infrastructure; shares up 7%

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Garden Reach inks MoU with National Highway Infrastructure; shares up 7% - Business Standard

Quick Summary:

The company, in the past, had inked a similar MoU with the Border Roads Organisation (BRO) and has already supplied 44 bridges Pan-India.

Besides, the company had also signed a MoU with Hyderabad-based Medha Servo Drives Pvt Ltd in July, for the joint manufacture of advanced electrical/electronic equipment and systems.

In the past one year, shares of Garden Reach have given a multi bagger return of 121 per cent against Sensex's rise of 26.2 per cent.