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Valecha Engineering extends gain on bagging projects worth Rs 133.45 crore

08 Jan 2014

Valecha Engineering is currently trading at Rs. 37.90, up by 1.15 points or 3.13% from its previous closing of Rs. 36.75 on the BSE.

The scrip opened at Rs. 38.55 and has touched a high and low of Rs. 38.55 and Rs. 36.80 respectively. So far 10,254 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. 38.55 and Rs. 33.70 respectively. The current market cap of the company is Rs. 74.00 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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323