PSP Projects jumps on securing work orders worth Rs 554.92 crore
PSP Projects is currently trading at Rs. 691.95, up by 17.50 points or 2.59% from its previous closing of Rs. 674.45 on the BSE.
The scrip opened at Rs. 679.85 and has touched a high and low of Rs. 708.90 and Rs. 673.70 respectively. So far 13629 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 816.20 on 28-Sep-2023 and a 52 week low of Rs. 598.00 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs. 720.65 and Rs. 668.45 respectively. The current market cap of the company is Rs. 2738.06 crore.
The promoters holding in the company stood at 60.14%, while Institutions and Non-Institutions held 17.47% and 22.39% respectively.
PSP Projects has secured work orders worth Rs 554.92 crore (excluding taxes). Out of which, the order worth Rs 389.29 crore (excl. GST) is for construction of Gold Stone Hotel and Commercial Towers at Bangalore, Karnataka in Institutional Category. The projects are to be completed within a period of 22 months and 16 months respectively.
Besides, order worth Rs 165.04 crore (excl. GST) is for construction of residential towers in Ahmedabad. The Project is to be completed within a period of 24 months. The company also received few small value work orders totalling to Rs 0.59 crore.
With receipt of above orders, the total order inflow for the financial year 2024-25 till date amounts to Rs 1444.91 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.