South West Pinnacle Exploration jumps on getting three letters of award worth Rs 49.52 crore
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South West Pinnacle Exploration is currently trading at Rs. 106.95, up by 1.90 points or 1.81% from its previous closing of Rs. 105.05 on the BSE.
The scrip opened at Rs. 104.50 and has touched a high and low of Rs. 114.90 and Rs. 101.00 respectively. So far 44630 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 191.95 on 09-Nov-2023 and a 52 week low of Rs. 97.30 on 30-May-2024.
Last one week high and low of the scrip stood at Rs. 114.90 and Rs. 101.00 respectively. The current market cap of the company is Rs. 297.86 crore.
The promoters holding in the company stood at 73.61%, while Non-Institutions held 26.39% stake in the company.
South West Pinnacle Exploration has received three Letters of Award of contract from M/s Central Ground Water Board (CGWB), Ministry of Jal Shakti, Department of Water Resources, River Development and Ganga Rejuvenation, Faridabad for Construction of Piezometers in soft rock/hard rock and supply, installation and commissioning of DWLRs and telemetry, data acquisition etc. in the states of Madhya Pradesh and Chhattisgarh. The aggregate value of contracts including GST is around Rs 49.52 crore. All three projects are to be completed within 22 months.
South West Pinnacle Exploration is an integrated Service Provider providing end-to-end Drilling & exploration of Natural resources.
