The announcement was made on Saturday, 28 December 2019.
Last week, the company emerged as the lowest (L-1) bidder for construction of proposed GIDC Tech-Hub at GIFT City in Gujarat with bid value of Rs 307.53 crore.
PSP Projects jumped 4.4% to Rs 511. The stock trades below its 50 days and 100 days simple moving average placed at 522.35 and 518.65 respectively. These levels will act as resistance in near term.
On a consolidated basis, PSP Projects’ reported 87.5% jump in net profit to Rs 32.52 crore on a 47.2% increase in net sales to Rs 312.11 crore in Q2 September 2019 over Q2 September 2018.
PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in the country.
