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PSP Projects climbs on emerging as lowest bidder for government project in Surat
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PSP Projects is currently trading at Rs. 729.30, up by 20.80 points or 2.94% from its previous closing of Rs. 708.50 on the BSE.
The scrip opened at Rs. 747.00 and has touched a high and low of Rs. 747.40 and Rs. 727.90 respectively. So far 20374 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 747.40 on 3-Jan-2022 and a 52 week low of Rs. 458.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 747.40 and Rs. 672.70 respectively. The current market cap of the company is Rs. 2628.18 crore.
The promoters holding in the company stood at 70.45%, while Institutions and Non-Institutions held 6.37% and 23.18% respectively.
PSP Projects has emerged as Lowest Bidder (L1) for a government project worth Rs 1,364.47 crore (excluding GST) of ‘Construction of State of the art High Rise Office Building’ at Surat, Gujarat for Surat Municipal Corporation.
PSP Projects, the Ahmedabad-based firm is a multi-disciplinary construction firm and provides its services ranging from planning and design to construction and post-construction activities.
