PSP Projects soars on getting new LoI worth Rs 290 crore
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PSP Projects is currently trading at Rs. 627.15, up by 8.35 points or 1.35% from its previous closing of Rs. 618.80 on the BSE.
The scrip opened at Rs. 616.40 and has touched a high and low of Rs. 641.25 and Rs. 616.40 respectively. So far 23347 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 672.00 on 19-Jul-2022 and a 52 week low of Rs. 406.40 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 660.00 and Rs. 616.05 respectively. The current market cap of the company is Rs. 2251.26 crore.
The promoters holding in the company stood at 70.39%, while Institutions and Non-Institutions held 6.71% and 22.90% respectively.
PSP Projects has received new Letter of Intent (LoI) worth Rs 290 crore (excluding GST) from repeat client in Institutional Segment. With receipt of the above, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,097 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.
