Markolines Pavement Technologies zooms on bagging work order worth Rs 24.35 crore

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Markolines Pavement Technologies is currently trading at Rs. 125.00, up by 10.10 points or 8.79% from its previous closing of Rs. 114.90 on the BSE.

The scrip opened at Rs. 111.60 and has touched a high and low of Rs. 128.35 and Rs. 110.00 respectively. So far 45600 shares were traded on the counter.

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The BSE group ‘M’ stock of face value Rs. 10 has touched a 52 week high of Rs. 207.00 on 07-Nov-2022 and a 52 week low of Rs. 78.55 on 26-May-2022.

Last one week high and low of the scrip stood at Rs. 128.35 and Rs. 109.10 respectively. The current market cap of the company is Rs. 260.37 crore.

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The promoters holding in the company stood at 72.18%, while Non-Institutions held 27.82% stake in the company.

Markolines Pavement Technologies has received a work order worth Rs 24.35 crore (excluding GST), from Brihanmumbai Municipal Corporation (a Domestic Corporation) located at Mumbai, India, for the work of Preventive Maintenance work of Eastern Freeway from P. Dmello Road to Ghatkopar Mankhurd Link Road, which shall be completed within 9 months.

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Markolines Pavement Technologies (Formerly known as Markolines Traffic Controls) is a Highway Operations & Maintenance (O&M) Service providing company.