Rudra Gas Share Price Hits 5% Upper Circuit After ₹33 Crore BPCL Order, Despite Recent Losses

Rudra Gas share price surged 5% to ₹73.58 on the BSE after the company announced receiving an order worth ₹33.21 crore from Bharat Petroleum Corporation Limited (BPCL).

The order involves MDPE Pipeline laying and associated works for City Gas Distribution Projects in West Bengal. Despite this positive news, the stock has faced significant declines, falling 25% in the last month and 42% year-to-date.

In the past six months, the stock has dropped by 60%, and over the last year, it has plunged 57%. The stock had made an impressive debut on February 15, 2024, at ₹119.70, 90% higher than the issue price of ₹63, but has since fallen nearly 69% from its 52-week high of ₹228.70.