Desco Infratech surges on getting LoA from Indian Oil Corporation
Desco Infratech is currently trading at Rs. 159.25, up by 4.25 points or 2.74% from its previous closing of Rs. 155.00 on the BSE.
The scrip opened at Rs. 154.50 and has touched a high and low of Rs. 159.25 and Rs. 153.30 respectively. So far 13000 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. 172.25 and Rs. 153.15 respectively. The current market cap of the company is Rs. 121.24 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 received the Letter of Acceptance (LoA) from Indian Oil Corporation for the project namely ‘Execution of Last Mile Connectivity (LMC) / GI Installation & Direct Marketing Agency (DMA) Works in Vizag GA in state of Andhra Pradesh’. The said project is valued at Rs 3.03 crore inclusive of GST.
