Bigbloc Construction touches roof on purchasing land in Palghar
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Bigbloc Construction is currently trading at its upper circuit limit of Rs. 145.70, up by 6.90 points or 4.97% from its previous closing of Rs. 138.80 on the BSE.
The scrip opened at Rs. 143.00 and has touched a high and low of Rs. 145.70 and Rs. 143.00 respectively. So far 19611 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 145.70 on 27-Apr-2022 and a 52 week low of Rs. 15.54 on 04-May-2021.
Last one week high and low of the scrip stood at Rs. 145.70 and Rs. 116.10 respectively. The current market cap of the company is Rs. 1031.38 crore.
The promoters holding in the company stood at 72.27%, while Institutions and Non-Institutions held 0.02% and 27.70% respectively.
Bigbloc Construction has purchased the land for plant/factory at Wada, Palghar District, Maharashtra, of 38,000 sq. mtrs.in the name of ‘Bigbloc Building Elements’, a wholly owned subsidiary of the company, under the expansion project.
The company intends to starts its operation in the current financial year i.e., FY23. Further the company should be eligible for subsidy under Package Scheme of Incentives - 2019 (PSI) announced by Government of Maharashtra.
Bigbloc Construction is engaged in the business of manufacturing of building blocks and AAC Bricks.
