Afcons Infrastructure surges on getting LoA worth Rs 1006.74 crore
Afcons Infrastructure is currently trading at Rs. 551.30, up by 28.65 points or 5.48% from its previous closing of Rs. 522.65 on the BSE.
The scrip opened at Rs. 536.65 and has touched a high and low of Rs. 561.75 and Rs. 535.25 respectively. So far 126422 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 564.40 on 16-Dec-2024 and a 52 week low of Rs. 419.85 on 04-Nov-2024.
Last one week high and low of the scrip stood at Rs. 564.00 and Rs. 513.50 respectively. The current market cap of the company is Rs. 20264.93 crore.
The promoters holding in the company stood at 86.32%, while Non-Institutions held 13.68% stake in the company.
Afcons Infrastructure has received Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Co. for ‘Part Design and Construction of elevated Viaduct, thirteen elevated Metro Stations which will connect Bhadbhada Chauraha to Ratnagiri Tiraha (excluding an Elevated Passenger interchange Metro Rail Station), between chainage 50+000 and 62+915 and access to Depot between Chainages 00+143 and 01+080 for Blue Line’ for Bhopal Metro Rail Project-[BH-05-EIB]. The bid project cost excluding GST is Rs 1006.74 crore. The completion period is 36 months.
Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group.
