Afcons Infra shares jump 6% on Rs 700 crore LoA from Reliance Industries

June 9, 2025

Afcons Infrastructure’s shares surged nearly 6% following a Rs 700 crore work order from Reliance Industries for their Vinyl Projects in Dahej, Gujarat. This includes civil, mechanical, and associated works. Despite a Q4 profit decline, analysts maintain a ‘Strong Buy’ rating with an average target price of Rs 543, indicating a potential upside.

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