Vascon Engineers surges on receiving LoA worth Rs 104 crore

29 May 2019

Vascon Engineers is currently trading at Rs. 16.52, up by 0.37 points or 2.29% from its previous closing of Rs. 16.15 on the BSE.

The scrip opened at Rs. 16.00 and has touched a high and low of Rs. 16.70 and Rs. 15.60 respectively. So far 71440 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.85 on 29-May-2018 and a 52 week low of Rs. 12.51 on 14-May-2019.

Last one week high and low of the scrip stood at Rs. 16.70 and Rs. 13.40 respectively. The current market cap of the company is Rs. 293.93 crore.

The promoters holding in the company stood at 34.25%, while Institutions and Non-Institutions held 0.36% and 65.39% respectively.

Vascon Engineers has received Letter of Award (LoA) from Pune Municipal Corporation, a Civic Body for Construction of Affordable Housing Project under Pradhan Mantri Awas Yojana (U) at Wadgaon, Pune amounting to Rs 104 crore. The work has been awarded on a 'Design and Build Basis'. The work has to be completed within 30 months from the date of receipt of Work Order.

Vascon Engineers is one of the foremost listed real estate companies headquartered in Pune with over 30 years of experience delivering 200+ projects spanning over 50 million square feet of landmark developments across residential, industrial, IT parks, malls and multiplexes, hospitality and community welfare centers.

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Vascon Engineers Share Price

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SEBI Registered: Investment Adviser - INA000013323
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