Valecha Engineering surges on bagging projects worth Rs 133.45 crore

07 Jan 2014 Evaluate

Valecha Engineering is currently trading at Rs 36.75, up by 1.75 points or 5.00% from its previous closing of Rs 35.00 on the BSE.

The scrip opened at Rs. 36.75 and has touched a high and low of Rs 36.75 and Rs 36.75 respectively. So far 3901 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 67.80 on 16-Jan-2013 and a 52 week low of Rs 17.60 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs 37.00 and Rs 33.70 respectively. The current market cap of the company is Rs 68.36 crore.

The promoters holding in the company stood at 48.32% while Institutions and Non-Institutions held 5.89% and 43.89% respectively.

Valecha Engineering has bagged projects worth Rs 133.45 crore. The company has bagged first project for Design & Construction of flyover at Pune worth Rs 58.98 crore. The company has also bagged piling projects worth Rs 74.47 crore.

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.


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