J Kumar Infraprojects gains on bagging work order worth Rs 297.83 crore
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J Kumar Infraprojects is currently trading at Rs. 746.00, up by 7.50 points or 1.02% from its previous closing of Rs. 738.50 on the BSE.
The scrip opened at Rs. 755.00 and has touched a high and low of Rs. 760.15 and Rs. 741.65 respectively. So far 8222 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 935.50 on 03-Jul-2024 and a 52 week low of Rs. 394.05 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 760.15 and Rs. 727.60 respectively. The current market cap of the company is Rs. 5639.73 crore.
The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 26.57% and 26.78% respectively.
J Kumar Infraprojects has received work order for the project of Development of Mula river from Wakad bypass to Sangvi bridge (stretch 1,2,3) from M/s. Pune Municipal Corporation for the total contract cost amounting to Rs 297.83 crore (Excluding GST and Royalty). The order is to be executed within 36 months.
Earlier, the company had received Letter of Acceptance for the project: Design and Construction of elevated road in Thane city from Anand Nagar to Saket on eastern express Highway from M/s. Mumbai Metropolitan Region Development Authority.
J Kumar Infraprojects is engaged in construction activities. The company designs and constructs roads, bridges, flyovers, subways, over bridges, skywalks and railway terminus/stations, among others.
