Desco Infratech shines on bagging multiple orders worth Rs 44.76 crore
Desco Infratech is currently trading at Rs. 260.50, up by 8.50 points or 3.37% from its previous closing of Rs. 252.00 on the BSE.
The scrip opened at Rs. 263.00 and has touched a high and low of Rs. 263.00 and Rs. 253.25 respectively. So far 9000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 265.00 on 02-May-2025 and a 52 week low of Rs. 160.00 on 01-Apr-2025.
Last one week high and low of the scrip stood at Rs. 263.00 and Rs. 235.00 respectively. The current market cap of the company is Rs. 201.84 crore.
The promoters holding in the company stood at 58.12%, while Institutions and Non-Institutions held 11.15% and 30.73% respectively.
Desco Infratech has received multiple orders worth Rs 44.76 crore from Indian Oil Corporation, Bharat Petroleum Corporation and Torrent Gas for Last mile connectivity (LMC), Direct Marketing Services (DMA) activity and associated works for CGD (city gas distribution) in Andhra Pradesh, Telangana and Tamilnadu.
Desco Infratech is mainly engaged in providing infrastructure and maintenance services to city gas distribution divisions in India.
