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JMC Projects trades jubilantly on securing new orders of Rs 554 crore

  • bitnet infotech
  • August 26, 2020
  • 5:36 am

JMC Projects (India) is currently trading at Rs. 59.75, up by 6.20 points or 11.58% from its previous closing of Rs. 53.55 on the BSE.

The scrip opened at Rs. 60.20 and has touched a high and low of Rs. 62.20 and Rs. 58.00 respectively.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 132.10 on 23-Oct-2019 and a 52 week low of Rs. 29.50 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 62.20 and Rs. 53.10 respectively. The current market cap of the company is Rs. 899.13 crore.

The promoters holding in the company stood at 67.75%, while Institutions and Non-Institutions held 17.33% and 14.92% respectively.

JMC Projects (India) (JMC) has secured new orders of Rs 554 crore. The first order is for building project in South India totalling Rs 315 crore and another order is for factory project in Maharashtra of Rs 239 crore. These new orders will strengthen the company’s portfolio and will help it further expand its client base in the B&F market.

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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