Enviro-Infra

Enviro Infra Engineers delivers stellar gains, surging 15% in two days to reach a record Rs 318.90, driven by strong listing and investor confidence

 

The shares of Enviro Infra Engineers have stormed the stock market, with an all-time high of Rs 318.90 in trade on December 16, 2024. It gained a strong 15% in just two trading sessions and has maintained a remarkable rally since its listing on November 29. This clearly means that the investors are holding big hopes for the newly listed firm.

The stock made waves from day one of its IPO launches and was listed at a premium of 50% over its issue price of Rs 148. Since then, it has doubled in value, bountifully rewarding early investors. At 9:51 am on December 16, Enviro Infra was trading at Rs 315.30 on the NSE when trading volumes crossed one crore shares within the first hour. The volumes had a spurt to four crore shares in the previous session, which helped contribute to a sharp 19% single-day gain.

 

A Key Player in Water and Wastewater Management

 

Enviro Infra Engineers is an engineering concern involved in designing, constructing, and maintaining water and wastewater treatment plants. Sectors such as sustainable infrastructure grab the attention of retail and institutional investors. 
Also, the company works on water supply schemes for some government projects, which, in return, strengthens its position within that critical sector.

 

Prominent Investors Backing

 

This has furthered the optimism of the stock with strong names from the investment world. Mukul Agarwal is the biggest shareholder, holding more than 1% of the company's shares.

And Sunil Singhania's Abakkus Diversified Alpha Fund is part of the anchor book of the Enviro Infra. Analysts are also optimistic about Enviro Infra's long-term prospects, given its sound business model and high growth prospects.

 

Enviro Infra Makes Strong Market Debut

 

The company's IPO was oversubscribed 89.9 times. There was strong demand from investors, and this enthusiasm was proved by its performance after the listing. The stock is beating market expectations regularly.

 

Bright Future

 

Enviro Infra Engineers continues riding high on market optimism. With the company's water infrastructure expertise and strong backing, it will gain further in the coming months.