Generic Engineering Construction & Projects is currently trading at Rs. 74.95, up by 1.30 points or 1.77% from its previous closing of Rs. 73.65 on the BSE.
The scrip opened at Rs. 76.90 and has touched a high and low of Rs. 76.90 and Rs. 73.50 respectively. So far 1366 shares were traded on the counter.
The BSE group ‘X’ stock of face value Rs. 5 has touched a 52 week high of Rs. 194.40 on 24-Sep-2018 and a 52 week low of Rs. 64.60 on 02-Aug-2019.
Last one week high and low of the scrip stood at Rs. 85.00 and Rs. 71.70 respectively. The current market cap of the company is Rs. 296.49 crore.
The promoters holding in the company stood at 52.47%, while Institutions and Non-Institutions held 1.64% and 45.89% respectively.
Generic Engineering Construction & Projects has received two large orders on September 11, 2019 from Maharashtra State Police Housing & Welfare Corporation (MSPHWCL) for a contract value of Rs 216.02 crore.
The first order is worth Rs 162.45 crore for construction of staff quarters for C.P. Mumbai at Marol, Mumbai. The project is to be executed in 30 months. The second order is worth Rs 53.57 crore for construction of police quarters, Dy. Commissioner of Police office building and Nizampura Police station at Bhiwandi, District Thane of C.P. Thane. The project is to be executed in 18 months.
Generic Engineering Construction and Projects, formerly Welplace Portfolio & Financial Consultancy Services, is an India-based company, which is engaged in construction business.