RPP Infra Projects is currently trading at Rs. 113.00, up by 1.60 points or 1.44% from its previous closing of Rs. 111.40 on the BSE.
The scrip opened at Rs. 111.50 and has touched a high and low of Rs. 113.60 and Rs. 110.70 respectively. So far 17624 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 179.70 on 04-Feb-2015 and a 52 week low of Rs. 84.90 on 07-Sep-2015.
Last one week high and low of the scrip stood at Rs. 122.90 and Rs. 109.10 respectively. The current market cap of the company is Rs. 253.58 crore.
The promoters holding in the company stood at 72.42% while Institutions and Non-Institutions held 1.11% and 26.47% respectively.
RPP Infra Projects has formed a joint venture with China's largest state-owned firm Hunan Construction Engineering Group Corporation, a pact that will help in capturing big-size orders and profitable business in the infra space in India. This joint venture will also provide strength and opportunity to RPP Infra Projects to negotiate better profitable terms with parties. The company currently has a very strong foothold in mid-size orders in southern state and with this JV with Hunan it will start bidding big size orders with Hunan expertise. Hunan and RPP Infra Projects have associated into a joint venture to act in collaboration with each other under the name and style of Hunan-RPP joint venture. Hunan will act as a lead partner of the joint venture to make all necessary statement on behalf of the joint venture.
RPP Infra Projects is engaged in business of infrastructure development such as highway, roads, bridges, civil construction works/ irrigation & water supply projects & power plants.
| Company Name | CMP |
|---|---|
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| NCC | 159.75 |
| KEC International | 563.00 |
| Kalpataru Projects | 1225.90 |
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