JMC Projects (India) is currently trading at Rs. 50.70, up by 0.45 points or 0.90% from its previous closing of Rs. 50.25 on the BSE.
The scrip opened at Rs. 51.65 and has touched a high and low of Rs. 51.70 and Rs. 50.25 respectively. So far 8736 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 132.10 on 23-Oct-2019 and a 52 week low of Rs. 29.50 on 26-Mar-2020.
Last one week high and low of the scrip stood at Rs. 53.00 and Rs. 48.20 respectively. The current market cap of the company is Rs. 849.60 crore.
The promoters holding in the company stood at 67.75%, while Institutions and Non-Institutions held 17.33% and 14.92% respectively.
Credit rating agency -- CARE has reaffirmed the rating of JMC Projects’ Long Term Bank Facilities & Non-Convertible Debentures (NCDs) as ‘A+’; Stable. Further, it has downgraded the rating of Short Term Bank Facilities from ‘A1+’ to ‘A1’, thereby giving the rationale for such downgrade. The revision in Short Term Bank Facilities rating is on account of high working capital intensity of operations which is likely to remain high amidst heightened execution challenges due to Covid-19 pandemic along with continued funding requirement for company's underperforming operational toll projects.
JMC Projects, a subsidiary of Kalpataru Power Transmission, is India’s one of the leading contracting company. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.