Indian Hume Pipe climbs on getting LoA for work of Rs 257.60 crore

05 Jul 2021 Evaluate

Indian Hume Pipe Company is currently trading at Rs. 236.50, up by 6.25 points or 2.71% from its previous closing of Rs. 230.25 on the BSE.

The scrip opened at Rs. 238.00 and has touched a high and low of Rs. 241.45 and Rs. 236.10 respectively. So far 34187 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 241.45 on 05-Jun-2021 and a 52 week low of Rs. 153.00 on 03-Nov-2020.

Last one week high and low of the scrip stood at Rs. 241.45 and Rs. 212.00 respectively. The current market cap of the company is Rs. 1115.50 crore.

The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 2.84% and 27.24% respectively.

Indian Hume Pipe Company has received Letter of Acceptance (LoA) for the work of about Rs 257.60 crore (including GST) from Madurai City Municipal Corporation for dedicated Water Supply Scheme for Madurai City Municipal Corporation for construction of distribution Network System (DI & HDPE), House service connections and Instrumentation for Madurai City Municipal Corporation Added Area-Package-4. The project is to be completed within 36 months.

Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply, irrigation, sanitation and sewerage systems, and pipe manufacturing.

India Hume Pipe Share Price

253.70 -1.50 (-0.59%)
28-Mar-2024 16:01 View Price Chart
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