Madhucon Projects strengthens as its arm synchronizes 2nd unit of phase II of Simhapuri Energy

01 Jan 2015

Madhucon Projects is currently trading at Rs. 33.40, up by 0.30 points or 0.91% from its previous closing of Rs. 33.10 on the BSE.

The scrip opened at Rs. 33.60 and has touched a high and low of Rs. 35.00 and Rs. 32.45 respectively. So far 32973 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 52.30 on 13-Jun-2014 and a 52 week low of Rs. 10.45 on 21-Feb-2014.

Last one week high and low of the scrip stood at Rs. 35.35 and Rs. 31.50 respectively. The current market cap of the company is Rs. 241.31 crore.

The promoters holding in the company stood at 58.87% while Institutions and Non-Institutions held 4.08% and 37.00% respectively.

Madhucon Projects - step down subsidiary - Simhapuri Energy, has synchronized with Grid of its 2nd unit (1X150MW) of the Phase II on December 30, 2014.

Madhucon Projects is one of the India’s leading Engineering, Procurement and Construction (EPC) and Build, Operate and Transfer (BOT) contractors and has executed wide ranging projects in the areas of State & National Highways, Bridges, Flyovers, Irrigation Projects (Dams, Canals, Tunnels) Industrial Projects, Townships, Railway Projects etc.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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