GHV Infra Projects jumps 5% to Rs 253.60 as shares hit upper circuit
India's GHV Infra Projects hit a 5% upper circuit after strong sequential Q4 profit and revenue growth, a credit rating upgrade, and a Rs 1,250 crore EPC contract win. While supportive for the company's financing costs and order book visibility, the news is idiosyncratic and unlikely to shift broader macro or cross-asset pricing; the stock remains well below its 52-week high despite outsized multi-year returns.
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Shares of GHV Infra Projects touched the 5% upper circuit intraday at Rs 253.60, taking the company’s market capitalisation to Rs 1,827 crore. For the March 2026 quarter, the company reported a 206% sequential rise in net profit to Rs 19.84 crore, while revenue climbed 67.25% quarter-on-quarter. On July 21, the company said it secured a Rs 1,250 crore EPC contract in Maharashtra. Acuite also upgraded the firm’s long-term bank-facility rating from ACUITE BBB (stable) to ACUITE A (stable) and its short-term rating from ACUITE A3 to ACUITE A1.