Niraj Cement Structurals gains as its JV bags work order worth Rs 48.33 crore
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Niraj Cement Structurals is currently trading at Rs. 37.95, up by 0.08 points or 0.21% from its previous closing of Rs. 37.87 on the BSE.
The scrip opened at Rs. 38.44 and has touched a high and low of Rs. 38.45 and Rs. 37.00 respectively. So far 4065 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.24 on 10-Aug-2023 and a 52 week low of Rs. 24.04 on 23-Mar-2023.
Last one week high and low of the scrip stood at Rs. 40.50 and Rs. 34.65 respectively. The current market cap of the company is Rs. 152.39 crore.
The promoters holding in the company stood at 24.26%, while Non-Institutions held 75.74% stake in the company.
Niraj Cement Structurals’ joint venture (JV) -- Niraj - Babulnath JV has received work order for Manufacturing, Supplying & Loading of 198000 cum Machine Crushed Stone Ballast of approved quality at Chongajan Station Yard/Depot and loading into Wagon/Hoppers etc. for Construction Projects from NF Railway value of worth Rs 48.33 crore excluding GST. The order is to be executed within 24 months.
Niraj Cement Structurals is an infrastructure and construction company. The company focuses on road construction and development in India.
