PSP Projects soars on getting letter of intent from Nila Spaces
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PSP Projects is currently trading at Rs. 684.95, up by 19.15 points or 2.88% from its previous closing of Rs. 665.80 on the BSE.
The scrip opened at Rs. 670.00 and has touched a high and low of Rs. 687.00 and Rs. 666.50 respectively. So far 59892 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 687.00 on 12-Dec-2022 and a 52 week low of Rs. 446.65 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 687.00 and Rs. 630.05 respectively. The current market cap of the company is Rs. 2473.20 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 received a letter of intent from Nila Spaces for civil construction of a prestigious residential project ‘VIDA’ at GIFT City Gandhinagar, Gujarat. The work envisages development of project involving civil construction of core & shell of 3B+G+33 Floors of High-Rise Residential Towers amounting to Rs 121.51 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.
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