POWER TRANSMISSION & DISTRIBUTION COMPANY STOCK PRICE UP 8% AFTER BIG ORDER WIN

RPG Group firm and global infrastructure major

share price surged 8% today on account of large orders win of Rs 3,243 crore. The orders include 400 kilovolts (kV) transmission lines in the United Arab Emirates (UAE) and the supply of towers, hardware, and poles in the Americas. This is the company's largest-ever EPC order till date and it has strengthened it's presence in the Middle East. The stock has been under pressure this year so far, falling over 22% year-to-date. However, on a monthly scale, it is up over 14% and looks set to snap its two-month losing run. Further, the company has been maintaining a healthy dividend payout of 33%.