Ceinsys Tech touches roof on receiving LoI worth Rs 59.88 crore
Ceinsys Tech is currently trading at its upper circuit limit of Rs. 623.30, up by 29.65 points or 4.99% from its previous closing of Rs. 593.65 on the BSE.
The scrip opened at Rs. 623.20 and has touched a high and low of Rs. 623.30 and Rs. 615.00 respectively. So far 14698 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 623.30 on 27-Feb-2024 and a 52 week low of Rs. 116.25 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 623.30 and Rs. 517.30 respectively. The current market cap of the company is Rs. 969.99 crore.
The promoters holding in the company stood at 58.61%, while Institutions and Non-Institutions held 0.05% and 41.34% respectively.
Ceinsys Tech has received Letter of Intent (LoI) dated February 26, 2024 from State Water and Sanitation Mission (SWSM), Water Supply and Sanitation Department (WSSD), Government of Maharashtra (GoM) for Implementation of Digital Project Management System for Progress Monitoring of various Schemes for Maharashtra Jeevan Pradhikaran (MJP), Maharashtra under Jal Jeevan Mission. Broad consideration or size of the order is Rs 59.88 crore. The said order is expected to be completed in 30 months.
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.