The buzz around Enviro Infra Engineers is real, as the company’s shares skyrocketed by 7% on December 16, reaching a record-breaking ₹318.90. With this surge, the stock has gained an impressive 15% in just two days, continuing its winning streak after a brief setback earlier.
Phenomenal Stock Performance Turning Heads
Due to extraordinary trading volumes, Enviro Infra’s shares were trading at ₹315.30 on the NSE at 9:51 AM. Over one crore shares changed hands within the first hour—far surpassing the weekly average of three crore shares. Yesterday’s session saw even greater excitement, with four crore shares traded, pushing the stock up by 19%.
A Spectacular Market Debut
The company’s IPO debut on November 29 was nothing short of stellar, listing at nearly 50% above its issue price. Investors were quick to jump on board, with the IPO being oversubscribed 89.90 times during its bidding phase, highlighting immense trust in the company’s potential.
Big Names Backing Enviro Infra
Enviro Infra’s rise is no accident. The company enjoys the backing of Mukul Agarwal, a top-tier investor with a 1% stake, and Sunil Singhania, who invested through his Abakkus Diversified Alpha Fund.
This kind of heavyweight support speaks volumes about the company’s promising future and investor confidence.
Leading the Charge in Essential Infrastructure
Specializing in designing, building, and maintaining water and wastewater treatment plants, Enviro Infra is a crucial player in India’s infrastructure landscape. With expertise in water supply schemes for government projects, the company is positioned for sustained growth in a sector with booming demand.
Enviro Infra Engineers is proving itself as a rising star in the stock market and infrastructure space. With an outstanding market debut, strong investor support, and expertise in critical projects, this is a company to watch as it builds a brighter future for India.