SRM Contractors shines on bagging new project from NHAI
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SRM Contractors is currently trading at Rs. 267.15, up by 18.95 points or 7.63% from its previous closing of Rs. 248.20 on the BSE.
The scrip opened at Rs. 250.75 and has touched a high and low of Rs. 275.75 and Rs. 250.75 respectively. So far 31784 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.75 on 29-Jul-2024 and a 52 week low of Rs. 148.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 275.75 and Rs. 210.00 respectively. The current market cap of the company is Rs. 580.83 crore.
The promoters holding in the company stood at 72.92%, while Institutions and Non-Institutions held 7.30% and 19.77% respectively.
SRM Contractors has got a new project and has been provided with Letter of Acceptance (LOA) for PBMC Project of NHAI (National Highway Authority of India) for aggregate quoted price of Rs 171.24 crore. The Project is for strengthening and maintenance works/activities on Section from Km 0.00 to Km 123.454 of Jetpur-Somnath Section excluding Junagarh Bypass (103Kms) in the state of Gujarat.
SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh.
