Dredging Corporation share price surged up by more than 8 per cent to touch its previous 52 week high of Rs 483 made on 25th January, 2017. The intraday high of the stock stood at Rs 483 while the intraday low read at Rs 445. The stock closed trading at Rs 480.75, up 7 per cent on the NSE today. Almost 4 lac shares changed hands on the NSE counter having a traded value of Rs 1863.54.
Dredging Corporation of India Ltd. is an Indian Government undertaking the business of dredging. The firm is involved in maintenance dredging, capital dredging, beach nourishment, land reclamation, shallow water dredging, Project Management consultancy and Marine construction. It is headquartered at Visakhapatnam and has project offices at many seaports across the country. It reports to the Ministry of Shipping (India).
The market cap of Dredging Corporation amounts to Rs. 331.88 (Cr) while the book value stands at 2050.76. The one-month return percentage stands at 13.25. The average volume of 20 days of the scrip stands at 273904 shares. The stock has an ADM or Average Daily Movement of 17.22.
Dynamic Levels Research Analysts have recommended Dredging Corporation as the top 500 shares considering its strong fundamentals and financials. The stock has proved to be good for investment and Dynamic Levels Research analysts and market experts are confident and positive that it has the capability to give good returns in the long run.
The Dredging Corporation of India Limited was established in 1976 to provide dredging services to the Major Ports of the country. To acquire information on the financials and fundamentals of the stock, please visit Dredging Corporation share price history. Therefore, you shall also come across the resistance and support levels of the stock which is going to aid you in taking investing decisions which shall benefit your pocket.
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