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15-02-2024 11:28 AM | Source: Accord Fintech
PSP Projects jumps on bagging work order worth Rs 630.90 crore

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PSP Projects is currently trading at Rs. 735.00, up by 19.75 points or 2.76% from its previous closing of Rs. 715.25 on the BSE.

The scrip opened at Rs. 725.95 and has touched a high and low of Rs. 746.50 and Rs. 720.75 respectively. So far 7060 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 652.15 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 799.70 and Rs. 678.95 respectively. The current market cap of the company is Rs. 2628.00 crore.

The promoters holding in the company stood at 66.22%, while Institutions and Non-Institutions held 8.31% and 25.47% respectively.

PSP Projects has received new work order worth Rs 630.90 crore (excluding taxes) for Construction of Gati Shakti Vishwavidhyalaya at Vadodara for Rail Vikas Nigam in Government Category. The project is to be completed within a period of 30 months.

With receipt of the above order, the total order inflow during the financial year 2023-24 till date amounts to Rs 2626.61 crore.

PSP Projects, the Ahmedabad-based firm is a multi-disciplinary construction firm and provides its services ranging from planning and design to construction and post-construction activities.