Micro Cap RBM Infracon Sees 5% Surge Following ₹3,498 Cr Deal With ONGC
RBM Infracon's Latest Achievement
RBM Infracon, a notable player in the micro-cap segment, has successfully secured a substantial contract from ONGC valued at ₹3,498 Cr. This victory represents a significant leap for the company, propelling its shares up by 5%.
Details of the Contract
- Value of Contract: ₹3,498 Cr
- Client: ONGC
- Announcement Date: September 6
This *massive deal* not only underscores ONGC's trust in RBM Infracon but also signals a positive shift in the operational capacity of the micro-cap entity.
Market Response
Following the news, investor enthusiasm drove the stock price up by 5%, reflecting a strong market reaction. Analysts anticipate that this contract will boost the company's revenue streams and enhance its market share.
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