Atlanta Shares Soar 40% in 2 Days After Big IRCON Order
Atlanta Limited shares soar 40% in two days after winning a ₹2,485 crore IRCON order. Check updated stock performance, upper circuit details, and market trends.
Atlanta Limited shares hit the upper circuit for two consecutive sessions, rising 40% in two days after securing a ₹2,485 crore IRCON order.
Atlantaa Share Price: Domestic stock market indices are gradually recovering from losses. They have recorded gains for two consecutive sessions. Positive signals from international markets have also contributed. At the same time, a stock has hit the upper circuit by 20 percent for two consecutive sessions. With this, those who invested in it have made good profits. Let's see what this stock is.
Upper Circuit Stocks
Atlanta Share Price
Upper Circuit Stocks: It can be said that stock market investments are risky. One should carefully consider and invest here. One should keep an eye on the performance, results, announcements, investment strategies, and other factors of the respective companies. All these affect the performance of the stock. Stock market movements also have an effect. Now the domestic stock market indices seem to have recovered from a series of losses. Recently, due to US President Donald Trump's heavy import tariffs, announcement of new tariffs on pharma, and a huge increase in H1B visa application fees, there was a surge in sales in the stock markets. This led to a huge fall.
After many days, the markets recovered. The second consecutive session also ended in profit. In Friday's session, the Bombay Stock Exchange index Sensex rose 224 points to settle at 81,207. The National Stock Exchange index Nifty closed the session at 24,894 with a gain of 58 points.
>> We have to talk about a stock in the order in which the markets gained. It was in the top trending. That is Atlanta Limited. It hit the upper circuit by 20 percent for 2 consecutive sessions. With this, it rose by 40 percent in 2 sessions. After hitting the 20 percent upper circuit in the Wednesday session, the price of this stock settled at Rs. 46.38. On Thursday (October 2), the stock markets were closed on the occasion of Gandhi Jayanti. On October 3, it hit the upper circuit again by 20 percent and finally closed at Rs. 55.65.
The main reason for this stock's sudden surge is that it has received a huge order from the railway company IRCON. Its value is Rs. 2485 crore. The special thing here is that the order came at a value of almost 6 times the market value of this company, which is Rs. 378 crore. The 52-week high price of this stock is Rs. 59.84, while the low price is Rs. 27.26. In the last 5 days, the stock price has increased by 34 percent. It has increased by more than 60 percent in a month. It has increased by almost 90 percent in 6 months. It has lost 3 percent in a year.
