Highway Infrastructure shares jump 62% in a month. Here's why

Highway Infrastructure shares rallied after the company secured its biggest civil construction order from CPWD. The win lifts its order book and reinforces momentum from contracts, fundraising and expansion.Company secured Rs 198.31 crore CPWD civil construction contract, its largest order.New Delhi,Nov 4, 2026 14:09 ISTShares of Highway Infrastructure Ltd have rallied sharply over the past month, gaining 61.76% as of November 4, according to market data. The stock, which was trading at Rs 71.11 at around 1.37 pm, has risen Rs 27.15 over the past month.The latest gains come as the company announced that it has secured a Rs 198.31 crore civil construction contract from the Central Public Works Department (CPWD). The company described this as its biggest-ever civil construction order.The stock touched an intraday high of Rs 73.89 on November 4, compared with its previous close of Rs 70.76. This represents an intraday rise of Rs 3.13, or 4.42%, from the previous close.The rally has been supported by a series of order wins, corporate actions and the company's plans to expand its business beyond toll collection. Highway Infrastructure has secured a domestic contract worth Rs 198.31 crore from CPWD for the planning, designing and construction of residential and non-residential infrastructure for the CISF 12th Reserve Battalion at Village Jamunia Talab in Madhya Pradesh's Sehore district.The project will be executed under Engineering, Procurement and Construction (EPC) Mode-I, with a stipulated completion period of two years. The scope includes the development of residential and non-residential infrastructure required for the establishment of the CISF battalion.Following this order, the company's order book has increased to Rs 1,776.19 crore, according to the company.NHAI CONTRACTS AND ORDER WINSThe latest CPWD contract comes after Highway Infrastructure secured two user fee collection contracts from the National Highways Authority of India (NHAI), together worth around Rs 431.86 crore.The company had secured tolling and expressway mandates during September and October, including contracts across key corridors in Uttar Pradesh and Tamil Nadu. These included the Gorakhpur Link Expressway and Velanchettiyur Fee Plaza.The steady flow of orders has been one of the key factors supporting investor interest in the stock.The company's board, at its meeting in October, approved a preferential issue of convertible warrants worth Rs 49 crore to the promoter group. It also approved an increase in authorised share capital and the acquisition of a controlling 51% stake in Indore Highway Real Estates Private Limited.These developments have added to investor interest as the company looks to expand its business operations.The combination of fresh orders, fundraising plans and the proposed acquisition has helped improve sentiment around the stock, although the sustainability of the rally will depend on execution and the company's financial performance.- Ends