Desco Infratech gains on entering into MoU with DenEB Air Gases
Desco Infratech is currently trading at Rs. 176.10, up by 2.25 points or 1.29% from its previous closing of Rs. 173.85 on the BSE.
The scrip opened at Rs. 168.45 and has touched a high and low of Rs. 176.10 and Rs. 166.70 respectively. So far 18000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 293.65 on 28-Oct-2025 and a 52 week low of Rs. 122.00 on 20-Mar-2026.
Last one week high and low of the scrip stood at Rs. 177.75 and Rs. 151.50 respectively. The current market cap of the company is Rs. 129.15 crore.
The promoters holding in the company stood at 58.31%, while Institutions and Non-Institutions held 2.20% and 39.49% respectively.
Desco Infratech has entered into a Memorandum of Understanding (MoU) with DenEB Air Gases to establish a long-term strategic collaboration between the Parties for identifying, pursuing, bidding for, securing and executing EPC projects relating to LNG, LCNG and CNG infrastructure, by combining their respective commercial, technical and EPC execution capabilities.
The arrangement is expected to facilitate access to business opportunities, strengthen project execution capabilities, improve competitiveness and create sustainable business opportunities for the Parties.
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