MBL Infrastructures is currently trading at its upper circuit limit of Rs. 36.55, up by 1.70 points or 4.88% from its previous closing of Rs. 34.85 on the BSE.
The scrip opened at Rs. 36.50 and has touched a high and low of Rs. 36.55 and Rs. 35.25 respectively. So far 56908 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 43.65 on 20-Jan-2022 and a 52 week low of Rs. 16.05 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 38.40 and Rs. 34.35 respectively. The current market cap of the company is Rs. 382.88 crore.
The promoters holding in the company stood at 68.49% and Non-Institutions held 31.51%.
MBL Infrastructures has received Arbitration Award from Public Works Department, Government of Uttarakhand for a Road project in the state of Uttarakhand for a sum exceeding Rs 60 crore along with interest at the rate of 2% higher than the current rate of interest prevalent on the date of award.
MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients. MBL has a fast growing business that provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects.
