J Kumar Infraprojects soars on getting LoA for Bangalore Metro Rail project
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J Kumar Infraprojects is currently trading at Rs. 246.20, up by 7.60 points or 3.19% from its previous closing of Rs. 238.60 on the BSE.
The scrip opened at Rs. 246.95 and has touched a high and low of Rs. 246.95 and Rs. 242.40 respectively. So far 1827 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 351.95 on 02-Aug-2022 and a 52 week low of Rs. 159.80 on 30-Mar-2022.
Last one week high and low of the scrip stood at Rs. 252.70 and Rs. 232.85 respectively. The current market cap of the company is Rs. 1847.75 crore.
The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 22.88% and 30.47% respectively.
J Kumar Infraprojects has received Letter of Acceptance (LoA) from Bangalore Metro Rail Corporation for the ‘Construction of Airport Depot for Bangalore Metro Rail project - Phase - 2B’ for a total contract cost of Rs 182.33 crore, exclusive of GST, in the name of J. Kumar -- AICPL (Joint Venture) where the share of J. Kumar Infraprojects is 55% which comes to around Rs 100.28 crore exclusive of GST.
J Kumar Infraprojects is engaged in construction activities. The company designs and constructs roads, bridges, flyovers, subways, over bridges, skywalks and railway terminus/stations, among others.
