Afcons Infrastructure Shares Drop 4% After €113 Million Contract Termination.

Afcons Infrastructure is in the spotlight on the stock market today. Its shares fell sharply by as much as 4.4%after the company reported a major contract termination. This contract was worth about €113.03 million (around ₹1,200 crore). The termination notice came from a key client in Gabon, in West Africa. This setback has spooked investors and pushed the stock to recent lows. We break down the news and what it means for Afcons’ outlook.