PSP Projects soars on bagging orders worth Rs 441.25 crore till date during FY24
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PSP Projects is currently trading at Rs. 694.80, up by 5.70 points or 0.83% from its previous closing of Rs. 689.10 on the BSE.
The scrip opened at Rs. 692.25 and has touched a high and low of Rs. 710.40 and Rs. 692.25 respectively. So far 6031 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. 710.40 and Rs. 666.70 respectively. The current market cap of the company is Rs. 2501.28 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 orders worth Rs 441.25 crore in Government and Institutional segment till date during the financial year 2023-24 (FY24). The company has received order worth Rs 264.24 crore (excluding Tax) from BAPS Swaminarayan Sanstha for design and construction of Sabha hall at Surat & Baroda, Gujarat. The order is to be executed within 18 months.
Meanwhile, the company has received order worth Rs 139.30 crore (excluding Tax) from Reputed Private Clients for construction of Shah BV wealth city & shah BV commercial vanita vishram at Surat, Gujarat. The order is to be executed within 24 months.
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.
