Maruti Infrastructure jumps on collaborating with Meinhardt Group
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Maruti Infrastructure is currently trading at Rs. 23.09, up by 0.49 points or 2.17% from its previous closing of Rs. 22.60 on the BSE.
The scrip opened at Rs. 23.18 and has touched a high and low of Rs. 25.00 and Rs. 22.99 respectively. So far 222870 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 40.05 on 20-Aug-2024 and a 52 week low of Rs. 16.89 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 25.00 and Rs. 22.50 respectively. The current market cap of the company is Rs. 216.56 crore.
The promoters holding in the company stood at 52.31%, while Non-Institutions held 47.69% stake in the company.
Maruti Infrastructure has entered into collaboration with Meinhardt Group, Asia's largest privately-owned global planning, design, engineering, project and construction management firm. This partnership marks a significant milestone for the company as it sets the stage for delivering innovative and comprehensive solutions for diverse projects, including buildings, industrial developments, infrastructure, and sports and recreation facilities.
The strategic collaboration with Meinhardt Group is expected to bring best-in-class engineering and project management practices to the company’s portfolio, enabling the delivery of high-quality infrastructure projects. The collaboration is currently at the Expression of Interest stage, with the definitive agreement under discussion.
Maruti Infrastructure is a leading Infrastructure and Construction of EWS Housing Projects and Urban Infra Projects Company in Ahmedabad.
