IVRCL is currently trading at Rs 16.35, up by 0.07 points or 0.43% from its previous closing of Rs 16.28 on the BSE.
The scrip opened at Rs. 16.20 and has touched a high and low of Rs. 16.76 and Rs. 16.20 respectively. So far 760886 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 47.90 on 02-Jan-2013 and a 52 week low of Rs. 9.80 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 17.46 and Rs. 15.25 respectively. The current market cap of the company is Rs. 504.52 crore.
The promoters holding in the company stood at 13.70% while Institutions and Non-Institutions held 16.87% and 69.43% respectively.
In a bid to augment working capital requirements and infuse capital into new projects, IVRCL is reportedly planning to raise around Rs 1,200 crore. The company has enlisted the services of SBI Caps to facilitate fund-raising.
Moreover, the company, which has already divested stakes in three road projects to Tata Realty and Infrastructure (TRIL), is looking at divesting stake in its Chennai desalination project and Jalandhar highway project.
Recently, the company received approvals for divestment in three road projects to TRIL from the National Highways Authority of India and nod from the Income Tax Department.
IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4083.40 |
| Rail Vikas Nigam | 302.65 |
| NCC | 160.50 |
| KEC International | 583.00 |
| Kalpataru Projects | 1222.15 |
| View more.. | |
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