Ceinsys Tech soars on getting further extension letter for two projects from SWSM in Uttar Pradesh
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Ceinsys Tech is currently trading at Rs. 540.95, up by 21.90 points or 4.22% from its previous closing of Rs. 519.05 on the BSE.
The scrip opened at Rs. 538.90 and has touched a high and low of Rs. 541.00 and Rs. 531.00 respectively. So far 2382 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 699.00 on 05-Apr-2024 and a 52 week low of Rs. 182.25 on 02-Aug-2023.
Last one week high and low of the scrip stood at Rs. 559.80 and Rs. 486.20 respectively. The current market cap of the company is Rs. 848.10 crore.
The promoters holding in the company stood at 55.35%, while Non-Institutions held 44.65% stake in the company.
Ceinsys Tech has been awarded further extension letter up to December 31, 2024, for two of the major projects from State Water and Sanitation Mission (SWSM), Uttar Pradesh as Consultant for Third Party Inspection (TPI) and Monitoring of Physical and Financial Progress through a Quality and Cost Based Selection (QCBS) process for various Rural Water Supply Projects for two clusters viz. Lucknow and Devipatan.
This is the second extension to the existing order for two clusters viz. Lucknow and Devipatan, the company had received from SWSM, Uttar Pradesh in FY 2021-22 and the size of the orders/contract shall depend on contractor’s actual execution value during project duration.
Ceinsys Tech (formerly ADCC Infocad) is a specialist in GIS & is an Engineering services solution provider company, servicing clients across a range of corporate and government segments helping improve their engineering efficiency, support global footprint and improve competitiveness.
