Skipper soars on securing order of Rs 737 crore from PGCIL
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Skipper is currently trading at Rs. 376.90, up by 23.50 points or 6.65% from its previous closing of Rs. 353.40 on the BSE.
The scrip opened at Rs. 385.50 and has touched a high and low of Rs. 400.00 and Rs. 373.60 respectively. So far 78169 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 400.00 on 26-Feb-2024 and a 52 week low of Rs. 85.29 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 400.00 and Rs. 313.00 respectively. The current market cap of the company is Rs. 3991.20 crore.
The promoters holding in the company stood at 71.89%, while Institutions and Non-Institutions held 7.55% and 20.57% respectively.
Skipper has secured new order of Rs 737 crore for Design, Supply and Construction of new 765 kV Transmission Line Project for Power Grid Corporation of India (PGCIL). The steady stream of orders, from PGCIL, has notably strengthened the company’s order book in India's Transmission and Distribution (T&D) domain.
With a year-to-date order intake exceeding Rs 3,900 crore, these recent victories are poised to play a crucial role in propelling its anticipated growth trajectory in the times ahead.
Skipper is engaged in structural fabrication and manufacturing of mild steel and galvanized iron pipes, steel tubular poles, scaffolding and accessories and PVC pipes. Structural fabrication is the major contributor to the revenue of the company.
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