Rudra Gas shares rise 5% after BPCL order

Rudra Gas share price increased by 5% on Monday, reaching ₹73.58 on the BSE. This rise follows an announcement that the company has received a significant order from Bharat Petroleum Corporation Limited (BPCL) worth ₹33 crores. The order involves laying a pipeline and related work for City Gas Distribution Projects in West Bengal. Rudra Gas will have eight months to complete the contract, which includes seven months for mechanical work and one month for commissioning. Despite this positive news, Rudra Gas shares have faced major declines recently. The stock price has dropped 25% in the last month and over 42% this year. It has fallen 60% in six months and 57% over the past year. Rudra Gas made a strong market debut in February 2024, listed at ₹119.70. However, it fell sharply from a high of ₹228.70 in October 2024. The stock is currently 69% lower than its peak and touched a 52-week low of ₹61.94 on March 18, 2025. At midday, Rudra Gas shares remained locked at the upper circuit limit. Investors are encouraged to seek advice from certified experts before making decisions.