Kalpataru Power share price gained after its arm said that that it has bagged new construction projects worth over Rs 1,457 crores.
JMC Projects (India) Ltd is a Civil Engineering and EPC Firm.
The company has bagged Rs 454 crores shipyard modernisation project in Goa, Rs 446 crores flyover project in Maharashtra, Rs 282 crores commercial project in Hyderabad, Rs 224 crores residential project in Bangalore, JMC Projects (India) Ltd said in a filing to the Bombay Stock Exchange. The company also bagged educational building project worth Rs 51 crores in Amravati, Andhra Pradesh. Commenting on securing new orders, CEO and Managing Director of the company S K Tripathi said that in the past few quarters, the company has successfully increased its presence in government projects. It would enhance its growth sustainability going forward.
JMC Projects Share Price Performance
Reacting to this new order, JMC Projects share price jumped up by almost 10 per cent within the first 45 minutes of trade. A total volume of 1,72,364 shares of the company have been traded on NSE for a value of Rs 396.23 lacs. The intraday high of the share so far is Rs 240.00 and the intraday low is Rs 226.20.
About JMC Projects
JMC Projects is the construction arm of Kalpataru Group, which offers end to end customized solutions with a single-source responsibility for executing medium to large sized projects through all types. Equipped with processes, knowledge along with efficient people, the Company has proven its capability for executing all types of projects involving comprehensive construction services that include design, procurement, supply, installation, testing as well as commissioning etc.
Kalpataru Power Share Price Performance
Kalpataru Power share price surged by 4 per cent since the morning with cue from this newly bagged project by its arm. The share price opened at Rs 250.00 on NSE from yesterday’s closing of Rs 244.75 and is currently trading at Rs 247.30, up by 1.04 per cent. By 9.50 AM, 29,626 shares of the company have been traded on NSE for a total value of Rs 74.80 lacs. The intraday high and the intraday low so far are Rs 256.95 and Rs 247.30 respectively. The Lower Price Band is 195.80 and the Upper Price Band is 293.70.
Kalpataru Power- A Multibagger
Out of all the 1700 stocks listed on NSE, Dynamic Levels picks up top 500 stocks with high liquidity in the market. Out of these top 500 stocks, only a handful is picked as Multibagger stocks. These Multibaggers have good fundamentals and high potential to grow. Kalpataru Power has been picked as one such Multibagger stock for this month.
To know about the historical share price performance of Kalpataru Power, please visit Kalpataru Power share price history.
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