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PSP Projects rises on getting LoA for two projects in Gujarat, Uttar Pradesh

03 Nov 2021 Evaluate

PSP Projects is currently trading at Rs. 531.20, up by 7.70 points or 1.47% from its previous closing of Rs. 523.50 on the BSE.

The scrip opened at Rs. 534.80 and has touched a high and low of Rs. 538.50 and Rs. 530.30 respectively. So far 4186 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 552.20 on 27-Oct-2021 and a 52 week low of Rs. 375.00 on 26-Nov-2020.

Last one week high and low of the scrip stood at Rs. 538.50 and Rs. 505.25 respectively. The current market cap of the company is Rs. 1884.60 crore.

The promoters holding in the company stood at 69.88%, while Institutions and Non-Institutions held 6.22% and 23.89% respectively.

PSP Projects has received Letter of Acceptance (LoA) for two projects viz one government project in Gujarat and another Government Residential project in Uttar Pradesh totaling to Rs 288.27 crore (excluding GST) wherein the company had earlier emerged as lowest bidder. With the receipt of the said, the total work orders received during the financial year 2021-22 (till date) amounts to Rs 925.49 crore.

PSP Projects, the Ahmedabad-based firm is a multi-disciplinary construction firm and provides its services ranging from planning and design to construction and post-construction activities.

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