Madhucon Projects advances on bagging LoA worth Rs 216.83 crore

29 Jun 2017

Madhucon Projects is currently trading at Rs. 40.30, up by 2.25 points or 5.91% from its previous closing of Rs. 38.05 on the BSE.

The scrip opened at Rs. 39.25 and has touched a high and low of Rs. 40.95 and Rs. 38.10 respectively. So far 120502 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 65.40 on 18-Apr-2017 and a 52 week low of Rs. 33.00 on 23-Nov-2016.

Last one week high and low of the scrip stood at Rs. 40.95 and Rs. 35.85 respectively. The current market cap of the company is Rs. 298.13 crore.

The promoters holding in the company stood at 58.86%, while Institutions and Non-Institutions held 8.68% and 32.46% respectively.

Madhucon Projects has received a letter of award (LoA) from Public Works Department Government of Maharashtra for the upgradation of NH-353, starting from Wadi Connecting to Hiongna T point Isasani- Mihan-outer Ring Road —Gumgaon-Salaidhabha-Butibori MIDC-Takalghat-Khapri Moreshwar- Asola Sindi Railway —Panwar to Two Lane with paved shoulder configuration in Section from Wadi Junction to Asola Junction in the State of Maharashtra, for a contract price of Rs 216.83 crore.

Madhucon Projects is engaged in civil construction. The Company is an integrated construction, infrastructure development and management company. It caters to various sectors of construction and infrastructure projects, such as transportation, irrigation, water resources infrastructures, railways, engineering, procurement and construction (EPC), turnkey projects, developments of smart cities, and properties, in India.

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Madhucon Projects Share Price

6.86 0.32 (4.89%) Feb 26, 18:55
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SEBI Registered: Investment Adviser - INA000013323

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