RMC Switchgears soars on receiving Letter of Award of Rs 230.23 crore
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RMC Switchgears is currently trading at Rs. 284.10, up by 13.50 points or 4.99% from its previous closing of Rs. 270.60 on the BSE.
The scrip opened at Rs. 284.10 and has touched a high and low of Rs. 284.10 and Rs. 284.10 respectively. So far 28000 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 284.10 on 1-Nov-2022 and a 52 week low of Rs. 19.00 on 28-Dec-2021.
Last one week high and low of the scrip stood at Rs. 284.10 and Rs. 251.70 respectively. The current market cap of the company is Rs. 164.85 crore.
The promoters holding in the company stood at 56.27%, while Non-Institutions held 43.73% stake in the company.
RMC Switchgears has received Letter of Award of Rs 230.23 crore from the Maharashtra State Electricity Distribution Company under EPC Division. The project will be completed within the next 12-18 months.
RMC Switchgears is primarily engaged in the business of ‘Switchgear Engineering’, ‘ECI contracts for power distribution / transmission sector’ and ‘PVC Marble and Sold Surface’.
