MoneyWorks4Me

PSP Projects surges on emerging as lowest bidder for project worth Rs 444.63 crore in Gujarat

23 Jan 2024 Evaluate

PSP Projects is currently trading at Rs. 766.25, up by 5.60 points or 0.74% from its previous closing of Rs. 760.65 on the BSE.

The scrip opened at Rs. 764.05 and has touched a high and low of Rs. 788.65 and Rs. 755.30 respectively. So far 7395 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 652.15 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 788.65 and Rs. 721.05 respectively. The current market cap of the company is Rs. 2761.92 crore.

The promoters holding in the company stood at 66.22%, while Institutions and Non-Institutions held 8.31% and 25.47% respectively.

PSP Projects has emerged as Lowest (L1) Bidder for the Project ‘Development of a Dairy Plant’ at Gadhka, Rajkot, Gujarat for National Dairy Development Board worth Rs 444.63 crore (excluding GST).

With receipt of above, the total value of projects for which it stands as Lowest Bidder amounts to Rs 2298 crore for the financial year 2023-24, which is in addition to the work orders received till date amounting to Rs 1060.30 crore for the financial year 2023-24.

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.


Peers
Company Name CMP
Lodha Developers 1167.90
Prestige EstatesProj 1492.30
Dilip Buildcon 416.00
DLF 679.35
Oberoi Realty 1867.00
View more..