J. Kumar Infraprojects surges on getting LoA worth Rs 99.29 crore
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J. Kumar Infraprojects is currently trading at Rs. 437.45, up by 8.90 points or 2.08% from its previous closing of Rs. 428.55 on the BSE.
The scrip opened at Rs. 440.00 and has touched a high and low of Rs. 442.90 and Rs. 429.40 respectively. So far 9883 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 449.90 on 13-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. 449.90 and Rs. 410.10 respectively. The current market cap of the company is Rs. 3290.69 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 Letter of Acceptance (LoA) in the capacity of sole bidder, from Mumbai Metropolitan Regional Development Authority (MMRDA) for the project: Design, Supply, Fabrication and Erection of pre-engineering building structural steel works and execution of internal & external architectural finishings, plumbing works including interior fitouts for 5 elevated stations Viz. Diamond Garden, Shivaji Chowk, BSNL Metro, Mankhurd & Mandale of Metro Line 2B Corridor (D.N. Nagar to Mandale) of Mumbai Metro Rail Project of MMRDA, for the contract amounting to Rs 99.29 crore.
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.
