J Kumar Infraprojects surges on geting LoA worth Rs 509 crore
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J Kumar Infraprojects is currently trading at Rs. 465.70, up by 11.85 points or 2.61% from its previous closing of Rs. 453.85 on the BSE.
The scrip opened at Rs. 454.00 and has touched a high and low of Rs. 473.35 and Rs. 454.00 respectively. So far 75357 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 473.35 on 17-Oct-2023 and a 52 week low of Rs. 216.45 on 21-Oct-2022.
Last one week high and low of the scrip stood at Rs. 473.35 and Rs. 423.00 respectively. The current market cap of the company is Rs. 3519.96 crore.
The promoters holding in the company stood at 46.65%, while Institutions and Non-Institutions held 24.80% and 28.55% respectively.
J. Kumar Infraprojects has received a ‘Letter of Acceptance’ (LoA) for the project: Provn of Tech Accn and Allied Infra for Command Hospital, Lucknow on EPC Mode for contract cost amounting to Rs 509 crore including goods and service tax. The LoA is issued to the Company in the capacity of sole bidder. The time period is 30 months for Phase I (Construction) & 60 months for Phase II (Maintenance).
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.
