Valecha Engineering zooms on bagging orders worth Rs 125.49 crore

31 Mar 2015

Valecha Engineering is currently trading at Rs. 93.00, up by 10.70 points or 13.00% from its previous closing of Rs. 82.30 on the BSE.

The scrip opened at Rs. 81.20 and has touched a high and low of Rs. 95.70 and Rs. 81.10 respectively. So far 194894 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 130.80 on 03-Feb-2015 and a 52 week low of Rs. 37.35 on 01-Apr-2014.

Last one week high and low of the scrip stood at Rs. 95.70 and Rs. 70.60 respectively. The current market cap of the company is Rs. 160.15 crore.

The promoters holding in the company stood at 47.97% while Institutions and Non-Institutions held 5.54% and 46.49% respectively.

Valecha Engineering, a Leading infrastructure development company bagged orders worth Rs 125.49 crore. Of total, the company has won order worth Rs 112.45 crore for road project at Jharkhand, while secured order worth Rs 13.03 crore for wall, Retaining wall work & road work at Ahmedabad.

As Valecha moves ahead it is focusing on getting an appropriate project mix involving leading edge infrastructure technologies. This will achieve a de - risked business model and increase operational growth.

Valecha Engineering is engaged in the construction of major infrastructure and engineering projects such as irrigation dams, reservoirs and canals, roads, highways and expressways, bridges and tunnels, railways, airports and foundation and piling works.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323