PSP Projects gains on bagging order worth Rs 317.13 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
PSP Projects is currently trading at Rs. 756.50, up by 10.45 points or 1.40% from its previous closing of Rs. 746.05 on the BSE.
The scrip opened at Rs. 754.50 and has touched a high and low of Rs. 758.65 and Rs. 745.10 respectively. So far 4897 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 775.55 on 06-Jan-2023 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. 758.95 and Rs. 731.05 respectively. The current market cap of the company is Rs. 2723.40 crore.
The promoters holding in the company stood at 67.59%, while Institutions and Non-Institutions held 6.98% and 25.43% respectively.
PSP Projects has received work order worth Rs 317.13 crore (excluding taxes) in Government category. The company has received order from Narmada, Water Resources, Water Supply & Kalpsar Department for development of Dharoi Dam region as a world class sustainable tourist/pilgrimage destination - road, infrastructure & adventure water sports arena (Package - 1). The order is to be executed within 18 months.
With receipt of the above orders, the total order inflow during the financial year 2023-24 till date amounts to Rs 758.38 crore.
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.
