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Valecha Engineering trades with traction on bagging projects worth Rs 195.73 crore

03 Apr 2013 Evaluate

Valecha Engineering is currently trading at Rs. 53.55, up by 1.95 points or 3.78% from its previous closing of Rs. 51.60 on the BSE.

The scrip opened at Rs. 51.30 and has touched a high and low of Rs. 55.30 and Rs. 48.30 respectively. So far 61800 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.10 on 03-Apr-2012 and a 52 week low of Rs. 42.50 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 55.30 and Rs. 42.50 respectively. The current market cap of the company is Rs. 97.65 crore.

The promoters holding in the company stood at 48.71% while Institutions and Non-Institutions held 5.43% and 43.96% respectively.

Valecha Engineering, a leading infrastructure development company has bagged projects worth Rs 195.73 crore. The work includes widening to 4 lane of Etawah Mainpuri - Kurawali State Highway in Mainpuri district in the state of Uttar Pradesh.

Valecha Engineering is engaged in the construction of major infrastructure and engineering projects such as irrigation dams, reservoirs and canals, roads, highways and expressways, bridges and tunnels, railways, airports and foundation and piling works.

Peers
Company Name CMP
Larsen & Toubro 3845.00
Kalpataru Projects 1397.60
NCC 133.45
Rail Vikas Nigam 207.00
KEC International 395.45
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