Pratibha Industries, one of the leading construction and infrastructure development companies in India, has secured an order worth Rs 406 crore for 'Replacement of Tansa Main Pipeline (Section I)' from Municipal Corporation of Greater Mumbai.

The scope of project involves 'Replacement of two 1800 mm diameter existing riveted Tansa mains pipe line by one 2750 mm diameter mild steel welded pipe line
(Section I - from Tansa Dam to Jamboli)'. The project is scheduled to be completed in 45 months.

Many stock analysts believe that investors with a medium-term perspective can consider buying the stock of Pratibha Industries. They believe that the stock has the potential to move up to Rs 255 in the medium-term, so investors can buy it with stop-loss of Rs 165.

The stock is presently trading at Rs 208 on BSE, up 5% compared to previous close of Rs 198.