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Sanghvi Movers is currently trading at Rs. 567.30, up by 20.75 points or 3.80% from its previous closing of Rs. 546.55 on the BSE.

The scrip opened at Rs. 561.15 and has touched a high and low of Rs. 582.65 and Rs. 561.15 respectively. So far 72167 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 582.65 on 11-Jul-2023 and a 52 week low of Rs. 205.10 on 02-Nov-2022.

Last one week high and low of the scrip stood at Rs. 582.65 and Rs. 492.30 respectively. The current market cap of the company is Rs. 2476.07 crore.

The promoters holding in the company stood at 47.25%, while Institutions and Non-Institutions held 3.15% and 49.60% respectively.

Sanghvi Movers has received work orders aggregating to Rs 150 crore from eminent Independent Power Producers (IPP) in the renewable energy sector, for providing crane rental services along with allied services comprising of WTG surface logistics, inter-carting, installation & pre-commissioning of WTGs, development of wind farm and storage yard. Crane services account for around 50% of the total contract value and the balance accounts for the aforementioned activities under wind EPC services. 

These contracts are of 18 months duration starting from April 2023 and ending in October 2024. Out of total contract value, around 44% of contract value will be executed in current financial year i.e. FY 2023-24 and the balance will be completed in FY 2024-25. The total order value translates to 539 MW of new capacity addition by its esteemed customers. 

Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.