Goldstone Infratech is locked at upper circuit at Rs 50.20, up by 2.35 points or 4.91% from its previous closing of Rs. 47.85 on the BSE.
The scrip opened at Rs. 50.20 and has touched a high and low of Rs. 50.20 and Rs. 50.20 respectively. So far 6550 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 51.50 on 21-Feb-2017 and a 52 week low of Rs. 15.45 on 28-Mar-2016.
Last one week high and low of the scrip stood at Rs. 50.50 and Rs. 45.20 respectively. The current market cap of the company is Rs. 181.13 crore.
The promoters holding in the company stood at 50.85%, while Institutions and Non-Institutions held 0.28% and 48.87% respectively.
Goldstone Infratech has bagged its second order for supply of 25 Pure Electric Buses to Himachal Road Transport Corporation (HRTC), Shimla, at a price of Rs 47.75 crore excluding AMC charges. HRTC plans to run these buses to ferry passengers in famous tourist locale Manali-Rohtang-Manali section, a scenic hilly terrain surrounded by snow peaks. This is a 110 km long stretch, which is equivalent to nearly 150-160 kms on a plain terrain, with gradients up to 20% at an altitude of about 13000 ft in sub-zero temperatures. The proposed bus has to complete this journey in a single charge.
Goldstone has successfully completed trials of Midi electric bus in Manali-Rohtang pass. This is the first time any Pure Electric bus has been used at that altitude of over 13,000 ft and at such steep gradient anywhere in the world. The company shall be assembling these buses in India in tie up with BYD Auto, China. The bus will be designed in India and the bus body shall be fully built in India.