Veritas hits 52-week high as consortium gets Rs 155.85-crore order from BMC

Veritas will implement the project for the Mumbai civic body along with Genesys International Corporation Limited

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The Veritas (India) share price locked at upper circuit and touched a 52-week high of Rs 950.55 in the early trade on March 19 after the company received a Rs 155.85-crore order from the Brihanmumbai Municipal Corporation (BMC).

At 9.40 am, Veritas was quoting at Rs 950.55, up Rs 18.60, or 2 percent, on the BSE.

There were pending buy orders of 31,115 shares, with no sellers available.

“…. in Consortium with Genesys International Corporation Limited has received Letter of Acceptance from BMC of Rs 155.85 crores for development, implementation, maintenance of 3D City model & change detection using Geospatial Technology for BMC,” the company said in its release.

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The company will hold an Extra Ordinary General Meeting (EGM) on March 21 through video conference and other audio-visual means.