Stock market today: Shares of Highway Infrastructure Ltd came under the profit-booking trigger during the early morning session on Thursday. However, the fall could be a good opportunity for the value pickers, looking for the unsung heroes of the Indian stock market. In one month’s time, Highway Infrastructure’s share price has rallied from ₹43.26 to ₹71.80 per share, delivering more than 65% returns to its shareholders.
According to stock market experts, Highway Infrastructure’s share price has rallied over the month for these 4 reasons: strong toll collection order wins, attractive corporate actions such as a ₹409 crore fundraise through the preferential route, the acquisition of a 51% controlling stake in the Indore-based real estate company, and strong financial numbers.
What’s fueling Highway Infrastructure shares?
Highlighting the reasons that are fueling Highway Infrastructure shares, Anuj Gupta, a SEBI-registered market expert, said, “There have been multiple reasons for the strong rally in Highway Infrastructure shares. Strong order wins, sustained order flow, ₹49 crore fundraising, acquiring 51% controling stake in Indore-based real estate company, and strong financials of the company, were the combination of reasons, which attracted strong buying in this stock.”
Highway Infrastructure share price target
Decoding the technical chart pattern of Highway Infrastructure shares, Mahesh M Ojha, VP — Research and Business Development at KC Securities, said, “The stock is facing a hurdle at ₹78. On breaking above this resistance, we can expect a fresh bull trend in the stock. So, fresh buying is allowed only above ₹78, as the stock has already rallied a lot. Existing shareholders can hold the stock, maintaining a strict stop-loss at ₹68.”
Ojha said that fresh investors can also initiate buying if the stock comes to the ₹70- ₹72 range, maintaining a strict stop-loss at ₹65. The stock may drop sharply if it fails to sustain above ₹65.
Highway Infrastructure news
The small-cap company recently secured two user fee collection contracts from the National Highways Authority of India (NHAI), together worth about ₹431.86 crore. At its meeting on 14 October 2026, the Board also approved a preferential issue of warrants to the promoter group, an increase in authorised share capital, and the acquisition of a controlling stake in Indore Highway Real Estates Private Limited.
Throughout September and October 2026, Highway Infrastructure bagged cumulative tolling and expressway mandates totalling ₹431.86 crore, with ₹245+ crore across key high-traffic corridors in Uttar Pradesh and Tamil Nadu (including UPEIDA’s Gorakhpur Link Expressway and Velanchettiyur Fee Plaza).
At its board meeting in mid-October 2026, the company approved a ₹49 crore preferential issue of convertible warrants to the promoter group, an increase in authorised share capital, and a deal to acquire a controlling 51% stake in Indore Highway Real Estates Private Limited, signalling strong internal backing and balance-sheet expansion.
Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions.
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