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JMC Projects surges on securing new orders of Rs 560 crore

JMC Projects (India) is currently trading at Rs. 114.05, up by 1.90 points or 1.69% from its previous closing of Rs. 112.15 on the BSE.

The scrip opened at Rs. 115.05 and has touched a high and low of Rs. 117.00 and Rs. 114.05 respectively.

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. 119.00 and Rs. 111.20 respectively. The current market cap of the company is Rs. 1883.06 crore.

The promoters holding in the company stood at 67.19%, while Institutions and Non-Institutions held 17.60% and 15.21% respectively.

JMC Projects India (JMC) has secured new orders of Rs 560 crore. The orders are for Commercial Real Estate Projects in Southern and Western India totalling Rs 312 crore and Water Supply Project in Odisha totalling Rs 248 crore.

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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