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Ahluwalia Contracts spurts on securing new order of Rs 407 crore for Construction of Medical College

Ahluwalia Contracts is currently trading at Rs. 328.10, up by 6.60 points or 2.05% from its previous closing of Rs. 321.50 on the BSE.

The scrip opened at Rs. 332.00 and has touched a high and low of Rs. 341.00 and Rs. 325.00 respectively. So far 507 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 385.00 on 28-May-2019 and a 52 week low of Rs. 243.60 on 07-Feb-2019.

Last one week high and low of the scrip stood at Rs. 341.00 and Rs. 307.00 respectively. The current market cap of the company is Rs. 2188.48 crore.

The promoters holding in the company stood at 57.96%, while Institutions and Non-Institutions held 37.97% and 4.07% respectively.

Ahluwalia Contracts (India) has secured new order of Rs 407 crore for Construction of Medical College (Civil Works) at Village Koriyawas in Mohindergarh District, Rewari in Haryana and other orders aggregating to around Rs 90.36 crore. The company’s total order inflow during the FY 2019- 20 stood at Rs 927.59 crore.

Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality.