Monarch Surveyors surges on bagging LoA worth Rs 3.19 crore
Monarch Surveyors and Engineering Consultants is currently trading at Rs. 272.35, up by 5.60 points or 2.10% from its previous closing of Rs. 266.75 on the BSE.
The scrip opened at Rs. 264.00 and has touched a high and low of Rs. 279.90 and Rs. 264.00 respectively. So far 25200 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 435.00 on 29-Jul-2025 and a 52 week low of Rs. 205.00 on 07-Oct-2025.
Last one week high and low of the scrip stood at Rs. 279.90 and Rs. 257.05 respectively. The current market cap of the company is Rs. 385.54 crore.
The promoters holding in the company stood at 72.35%, while Institutions and Non-Institutions held 8.23% and 19.41% respectively.
Monarch Surveyors and Engineering Consultants has received Letter of Acceptance (LoA) for Providing facilitation to Competent Authority for Land Acquisition (CALA) under the Railway Act, 1989 work to the Railway Projects of Doubling and traffic facility works between Chikajajur and Bellary stations in Mysuru Division and Hubballi Division of South Western Railway. The total order value of the project is Rs 3.19 crore. This is a significant development, and it is expected to positively impact the business operations of the company.
Monarch Surveyors and Engineering Consultants is engaged in the business to provide comprehensive consultancy services under Concept to Commissioning of infrastructure projects which includes Survey, design and technical supervision for roads, railways, metros, town planning, geospatial, mapping, land acquisition, water, transmission Line, pipelines and other civil engineering sectors.
