This stock hits upper circuit after contract win from Maharashtra State Road Transport Corporation
Shares of Eraaya Lifespaces surged 2 percent upper circuit to hit upper circuit today, July 25, 2025. The stock has gained even as benchmark indices Sensex and Nifty tumbled around 0.75 per cent. The counter opened with a jump of 2 per cent to 50.67 on the BSE. The surge in the counter come as the company has informed exchanges that it has won Rs 140 crore order from Maharashtra State Road Transport Corporation (MSRTC).
The counter has been gaining for the last two days and has risen by 3.88 per cent in the period. Technically, it trades Higher than the 5-day, 20-day and 50-day moving averages but lower than the 100-day and 200-day moving averages. Contract From MCRTC
According to exchange filing, the company has received the contract for the statewide rollout of the National Common Mobility Card.
'…secured a ₹140 crore contract with the Maharashtra State Road Transport Corporation (MSRTC) for the first statewide rollout of the National Common Mobility Card (NCMC) for concessionaires in India,' the filing reads.
Earlier to this, the company awarded a contract to supply and maintain 38,622 Android-based Electronic Ticketing Machines (ETMs) integrated with an online reservation system.
Equity benchmark indices Sensex and Nifty tumbled in early trade today, dragged down by Bajaj Finance and persistent foreign fund outflows.
The 30-share BSE Sensex dropped 407.45 points to 81,776.72 in early trade. The 50-share NSE Nifty declined 144.3 points to 24,917.80.
From the Sensex firms, Bajaj Finance tanked nearly 6 per cent post its June quarter earnings announcement. Bajaj Finserv fell by over 4 per cent.
Tata Steel, Hindustan Unilever, Mahindra & Mahindra, UltraTech Cement, Power Grid and Maruti were also among the laggards.
However, Eternal, ICICI Bank, HCL Tech and State Bank of India were the gainers.
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