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Madhav Infra Projects gains on acquiring 100% stake of Madhav Heights

22 Sep 2020 Evaluate

Madhav Infra Projects is currently trading at Rs. 5.15, up by 0.08 points or 1.58% from its previous closing of Rs. 5.07 on the BSE.

The scrip opened at Rs. 5.00 and has touched a high and low of Rs. 5.19 and Rs. 4.82 respectively. So far 156391 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 9.00 on 07-Aug-2020 and a 52 week low of Rs. 4.26 on 13-May-2020.

Last one week high and low of the scrip stood at Rs. 5.63 and Rs. 4.82 respectively. The current market cap of the company is Rs. 128.11 crore.

The promoters holding in the company stood at 72.65%, while Non-Institutions held 27.35% stake in the company.

Madhav Infra Projects has acquired 10,000 (100%) Equity Shares of Rs 10 each of Madhav Heights (MHPL) from its shareholders on September 21, 2020. The Status of MHPL is now wholly own subsidiary company of Madhav Infra Projects.

Madhav Infra Projects operates under Madhav Group which focused on Energy, Highways, Urban Infrastructure and Real Estate industries.

Peers
Company Name CMP
Larsen & Toubro 3879.00
Kalpataru Projects 1391.05
NCC 132.85
Rail Vikas Nigam 206.80
KEC International 396.95
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