GI Engineering Solutions soars on receiving order worth Rs 16 crore
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GI Engineering Solutions is currently trading at Rs. 32.40, up by 1.46 points or 4.72% from its previous closing of Rs. 30.94 on the BSE.
The scrip opened at Rs. 31.90 and has touched a high and low of Rs. 32.48 and Rs. 31.60 respectively. So far 14560 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 32.48 on 15-May-2023 and a 52 week low of Rs. 3.76 on 06-Jun-2022.
Last one week high and low of the scrip stood at Rs. 32.48 and Rs. 24.56 respectively. The current market cap of the company is Rs. 266.46 crore.
The promoters holding in the company stood at 40.89%, while Institutions and Non-Institutions held 0.01% and 59.10% respectively.
GI Engineering Solutions has received the first ever confirmed order for supplying Structural Steel with the single order valued an amount exceeding Rs 16 crore.The company received the order from a reputed Infrastructure development company paving its way into project sales business for the infrastructure and construction materials.
The company has targeted to enter the Project Sales Segment along-side the distribution network for the infrastructural steel and eying a sales target to achieve Rs 200 crore of sales from its Infrastructural materials business segment during the financial year 2023-24.
GI Engineering is an offshore engineering design team specializing in civil engineering and IT support.GI Engineering is a leader in providing high-quality civil engineering, land planning, land surveying and landscape architecture services.
