Sobhagya Mercantile zooms as its JV secures Rs 260.53 crore work order
Sobhagya Mercantile is currently trading at Rs. 900.00, up by 42.70 points or 4.98% from its previous closing of Rs. 857.30 on the BSE.
The scrip opened at Rs. 877.00 and has touched a high and low of Rs. 915.00 and Rs. 870.00 respectively. So far 372 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 920.60 on 18-Aug-2026 and a 52 week low of Rs. 443.60 on 19-Jun-2025.
Last one week high and low of the scrip stood at Rs. 920.60 and Rs. 791.65 respectively. The current market cap of the company is Rs. 877.37 crore.
The promoters holding in the company stood at 64.62%, while Institutions and Non-Institutions held 13.83% and 21.54% respectively.
Sobhagya Mercantile’s Joint Venture (JV) -- M/s Adyal L.I.S. (JV) has received a work order from the Vidarbha Irrigation Development Corporation, Nagpur Office of the Executive Engineer, Gosikhurd Right Bank Canal Division, Bramhapuri, for the construction of the Adyal Lift Irrigation Scheme under the Gosikhurd Project in Taluka Bramhapuri, District Chandrapur. The broad consideration or size of the order is around Rs 260.53 crore, and the project is to be executed within 33 months.
M/s. Adyal L.I.S. (JV) is a joint venture between Sobhagya Mercantile, which holds a 40% stake in JV, and S. S. Fabricators & Manufacturers, which holds the remaining 60% stake in JV.
