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JMC Projects advances on securing new orders worth Rs 514 crore

Mumbai : JMC Projects (India) is currently trading at Rs. 130.40, up by 2.10 points or 1.64% from its previous closing of Rs. 128.30 on the BSE. The scrip opened at Rs. 134.00 and has touched a high and low of Rs. 134.00 and Rs. 129.85 respectively. So far 1721 shares were traded on the counter. The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 150.00 on 27-May-2019 and a 52 week low of Rs. 67.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 134.00 and Rs. 116.20 respectively. The current market cap of the company is Rs. 2154.22 crore. The promoters holding in the company stood at 67.19%, while Institutions and Non-Institutions held 17.32% and 15.49% respectively. JMC Projects (India) has secured new orders worth Rs 514 crore. The order is for the Residential and Commercial projects in South and West India totalling Rs 295 crore, factory works from a multinational client in East India of Rs 112 crore and Institutional Building order of Rs 107 crore in East India.

JMC Projects, a subsidiary of Kalpataru Power Transmission, is India’s one of the leading contracting company. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.

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