Markolines Pavement Technologies surges on receiving LoA worth Rs 107.49 crore
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Markolines Pavement Technologies is currently trading at Rs. 221.55, up by 3.85 points or 1.77% from its previous closing of Rs. 217.70 on the BSE.
The scrip opened at Rs. 229.95 and has touched a high and low of Rs. 229.95 and Rs. 221.00 respectively. So far 11200 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 277.90 on 29-Jul-2024 and a 52 week low of Rs. 124.00 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 236.00 and Rs. 212.95 respectively. The current market cap of the company is Rs. 486.30 crore.
The promoters holding in the company stood at 71.32%, while Institutions and Non-Institutions held 1.82% and 26.86% respectively.
Markolines Pavement Technologies (in JV with OJSC Euro-Asian Construction Corporation) has received a Letter of Acceptance (LoA) upon successful bid for execution work of improvement and widening of State Highway SH-158 for a stretch of 27 km and amounting to Rs 107.49 crore from Maharashtra State Infrastructure Development Corporation (a Government of Maharashtra Undertaking).
Markolines Pavement Technologies (Formerly known as Markolines Traffic Controls) is a Highway Operations & Maintenance (O&M) Service providing company.
