Shriram EPC jumps 12.5% after winning contract from Karnataka Water Authority

India Infoline News Service | Mumbai | October 18, 2016 16:40 IST

The company has informed the BSE, that it has bagged the contract for a water supply scheme to Robertsonpet (KGF) City under the Centre's Atal Mission for Rejuvenation and Urban Transformation scheme.

Shriram EPC Ltd  ended at Rs 26.85, up by Rs 3 or 12.58% from its previous closing of Rs 23.85 on the BSE after the company bagged a Rs 61 crore contract for a water supply scheme in Bengaluru.

The company has informed the BSE, that it has bagged the contract for a water supply scheme to Robertsonpet (KGF) City under the Centre's Atal Mission for Rejuvenation and Urban Transformation scheme.

The scrip opened at Rs 26.5 and has touched a high and low of Rs 27.2 and Rs 25.9 respectively. So far 1175207 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 788.54 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 38.55 on 06-Jan-2016 and a 52 week low of Rs 19 on 08-Jun-2016. Last one week high and low of the scrip stood at Rs 25.8 and Rs 23 respectively.

The promoters holding in the company stood at 50.03 % while Institutions and Non-Institutions held 42.53 % and 7.44 % respectively.

The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

 

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