Sanghvi Movers zooms as its arm bags work orders worth Rs 428.72 crore
Sanghvi Movers is currently trading at Rs. 363.50, up by 16.45 points or 4.74% from its previous closing of Rs. 347.05 on the BSE.
The scrip opened at Rs. 370.00 and has touched a high and low of Rs. 378.00 and Rs. 360.80 respectively. So far 134123 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 412.90 on 09-Oct-2025 and a 52 week low of Rs. 205.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 378.00 and Rs. 305.70 respectively. The current market cap of the company is Rs. 3160.02 crore.
The promoters holding in the company stood at 47.25%, while Institutions and Non-Institutions held 3.11% and 49.64% respectively.
Sanghvi Movers’ material subsidiary -- Sangreen Future Renewables has been awarded large work orders worth Rs 428.72 crore from prominent Independent Power Producers (IPP's). The order is for EPC for Wind BOP which includes Construction of WTG Civil foundations, Civil Re-engineering works if any, leasing & development of temporary pathways, development of internal pathways & external logistics road, Crane platforms, Crane Boom assembly area, WTG intercarting from storage yard to respective WTG locations, installation of WTGs, Mechanical Completion, Pre Commissioning works, Internal 33Kv line works as well as DP yards for respective WTGs. The said order is scheduled to commence from Q3 of FY 2025-26 and to be completed by Q1 of FY 2027-28.
Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.
